South Jersey Industries (SJI) Share Value Rose While Crow Point Partners LLC Has Cut by $8.78 Million Its Holding

June 18, 2018 - By Louis Casey

Investors sentiment decreased to 1.23 in 2018 Q1. Its down 0.22, from 1.45 in 2017Q4. It turned negative, as 25 investors sold SJI shares while 48 reduced holdings. 21 funds opened positions while 69 raised stakes. 58.61 million shares or 6.09% more from 55.25 million shares in 2017Q4 were reported. Public Employees Retirement Association Of Colorado reported 13,850 shares or 0% of all its holdings. Ls Investment Advisors Limited Liability Company, Michigan-based fund reported 2,333 shares. Reaves W H And owns 553,490 shares or 0.55% of their US portfolio. Employees Retirement Of Ohio has invested 0% of its portfolio in South Jersey Industries, Inc. (NYSE:SJI). Peoples Service stated it has 0.03% of its portfolio in South Jersey Industries, Inc. (NYSE:SJI). Moreover, Us Financial Bank De has 0% invested in South Jersey Industries, Inc. (NYSE:SJI). Guggenheim Cap Ltd accumulated 0.01% or 157,124 shares. Northern holds 0.01% of its portfolio in South Jersey Industries, Inc. (NYSE:SJI) for 978,307 shares. Art Ltd Limited Liability Company holds 0.09% of its portfolio in South Jersey Industries, Inc. (NYSE:SJI) for 83,100 shares. Oppenheimer Asset invested in 49,114 shares or 0.03% of the stock. New York-based Jefferies Gp Limited Liability has invested 0% in South Jersey Industries, Inc. (NYSE:SJI). 7,240 are held by Oppenheimer &. Deutsche Bank Ag accumulated 88,858 shares. Alliancebernstein Lp has invested 0% of its portfolio in South Jersey Industries, Inc. (NYSE:SJI). Sg Americas Securities Limited Liability Corp owns 29,955 shares.

Since May 24, 2018, it had 1 insider buy, and 0 insider sales for $6,603 activity.

Crow Point Partners Llc decreased its stake in South Jersey Industries (SJI) by 99.88% based on its latest 2018Q1 regulatory filing with the SEC. Crow Point Partners Llc sold 325,000 shares as the company’s stock rose 19.92% while stock markets declined. The institutional investor held 400 shares of the public utilities company at the end of 2018Q1, valued at $11,000, down from 325,400 at the end of the previous reported quarter. Crow Point Partners Llc who had been investing in South Jersey Industries for a number of months, seems to be less bullish one the $2.72B market cap company. The stock increased 0.97% or $0.3 during the last trading session, reaching $31.31. About 183,770 shares traded. South Jersey Industries, Inc. (NYSE:SJI) has declined 8.59% since June 18, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Crow Point Partners Llc, which manages about $937.00M and $544.06 million US Long portfolio, upped its stake in I by 509,499 shares to 643,860 shares, valued at $5.58 million in 2018Q1, according to the filing.

Analysts await South Jersey Industries, Inc. (NYSE:SJI) to report earnings on August, 2. They expect $0.10 EPS, up 66.67 % or $0.04 from last year’s $0.06 per share. SJI’s profit will be $8.70M for 78.28 P/E if the $0.10 EPS becomes a reality. After $1.26 actual EPS reported by South Jersey Industries, Inc. for the previous quarter, Wall Street now forecasts -92.06 % negative EPS growth.

South Jersey Industries, Inc. (NYSE:SJI) Ratings Coverage

Among 5 analysts covering South Jersey Industries (NYSE:SJI), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. South Jersey Industries has $34.0 highest and $30 lowest target. $31.50’s average target is 0.61% above currents $31.31 stock price. South Jersey Industries had 6 analyst reports since January 2, 2018 according to SRatingsIntel. As per Monday, January 22, the company rating was downgraded by Hilliard Lyons. The firm earned “Hold” rating on Monday, January 8 by Sidoti. The stock of South Jersey Industries, Inc. (NYSE:SJI) earned “Neutral” rating by JP Morgan on Thursday, January 25. The company was maintained on Tuesday, April 10 by JP Morgan. The firm has “Hold” rating by Guggenheim given on Tuesday, January 2. The rating was maintained by Morgan Stanley on Tuesday, February 13 with “Equal-Weight”.

South Jersey Industries, Inc. (NYSE:SJI) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: