Zurcher Kantonalbank Zurich Cantonalbank Has $164,000 Holdings in South Jersey Industries Inc (SJI)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in South Jersey Industries Inc (NYSE:SJI) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,888 shares of the utilities provider’s stock after purchasing an additional 841 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in South Jersey Industries were worth $164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in South Jersey Industries by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,476,797 shares of the utilities provider’s stock worth $49,428,000 after acquiring an additional 53,211 shares during the last quarter. FMR LLC boosted its stake in South Jersey Industries by 79.9% during the 2nd quarter. FMR LLC now owns 3,725,457 shares of the utilities provider’s stock worth $124,692,000 after acquiring an additional 1,655,127 shares during the last quarter. Northern Trust Corp boosted its stake in South Jersey Industries by 8.8% during the 2nd quarter. Northern Trust Corp now owns 1,064,690 shares of the utilities provider’s stock worth $35,635,000 after acquiring an additional 86,383 shares during the last quarter. United Services Automobile Association boosted its stake in South Jersey Industries by 12.3% during the 2nd quarter. United Services Automobile Association now owns 14,021 shares of the utilities provider’s stock worth $469,000 after acquiring an additional 1,536 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in South Jersey Industries by 7.4% during the 3rd quarter. Aperio Group LLC now owns 65,218 shares of the utilities provider’s stock worth $2,300,000 after acquiring an additional 4,479 shares during the last quarter. Institutional investors and hedge funds own 84.63% of the company’s stock.

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In other news, Chairman Walter M. Higgins bought 4,546 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The stock was acquired at an average cost of $30.21 per share, with a total value of $137,334.66. Following the completion of the purchase, the chairman now owns 37,783 shares of the company’s stock, valued at $1,141,424.43. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael J. Renna bought 3,270 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The stock was purchased at an average cost of $30.55 per share, with a total value of $99,898.50. Following the completion of the purchase, the chief executive officer now directly owns 61,233 shares of the company’s stock, valued at approximately $1,870,668.15. The disclosure for this purchase can be found here. Insiders bought 8,216 shares of company stock worth $248,733 over the last quarter. 0.64% of the stock is owned by corporate insiders.

Shares of NYSE SJI traded down $0.06 during midday trading on Thursday, reaching $30.48. The company’s stock had a trading volume of 2,849 shares, compared to its average volume of 621,944. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.04. South Jersey Industries Inc has a fifty-two week low of $25.96 and a fifty-two week high of $36.72. The company has a market capitalization of $2.60 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.08 and a beta of 0.80.

Several research analysts recently weighed in on SJI shares. ValuEngine raised shares of South Jersey Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Williams Capital dropped their target price on shares of South Jersey Industries from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Zacks Investment Research upgraded shares of South Jersey Industries from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Thursday, January 3rd. Morgan Stanley dropped their target price on shares of South Jersey Industries from $36.00 to $33.00 and set a “hold” rating on the stock in a report on Tuesday, October 23rd. Finally, Wells Fargo & Co restated a “market perform” rating and set a $31.00 target price on shares of South Jersey Industries in a report on Tuesday, October 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $33.83.

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About South Jersey Industries

South Jersey Industries, Inc, through its subsidiaries, provides energy-related products and services. The company engages in the purchase, transmission, and sale of natural gas. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial customers on the interstate pipeline system, as well as transports natural gas, which is purchased directly from producers or suppliers to their customers.

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