Reaves W H & Company Inc Increased South Jersey Ind (NYSE:SJI) Stake by $19.48 Million

August 12, 2018 - By Megan Stone

Investors sentiment decreased to 1.23 in 2018 Q1. Its down 0.22, from 1.45 in 2017Q4. It dropped, 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. Moreover, Amp Capital Limited has 0% invested in South Jersey Industries, Inc. (NYSE:SJI) for 30,161 shares. Quantbot Limited Partnership owns 0.03% invested in South Jersey Industries, Inc. (NYSE:SJI) for 12,991 shares. Art Advsr Ltd Liability Com owns 0.09% invested in South Jersey Industries, Inc. (NYSE:SJI) for 83,100 shares. 181,932 were reported by Legal General Pcl. California Pub Employees Retirement, a California-based fund reported 120,351 shares. California-based Gemmer Asset Management Limited Com has invested 0.01% in South Jersey Industries, Inc. (NYSE:SJI). Pub Employees Retirement Association Of Colorado has 13,850 shares for 0% of their portfolio. Thrivent Financial For Lutherans reported 53,609 shares. 2,333 are owned by Ls Investment Advsrs Ltd Co. Swiss Fincl Bank has 138,509 shares for 0% of their portfolio. Fmr Limited Com reported 2.07M shares or 0.01% of all its holdings. Tiverton Asset Management Ltd Com reported 15,192 shares. Invesco stated it has 0.01% of its portfolio in South Jersey Industries, Inc. (NYSE:SJI). Mason Street Advsrs Limited Liability Com holds 22,081 shares or 0.01% of its portfolio. Duff Phelps Inv Management holds 0.66% or 1.50 million shares.

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

Reaves W H & Company Inc increased its stake in South Jersey Ind (NYSE:SJI) by 106.64% based on its latest 2018Q2 regulatory filing with the SEC. Reaves W H & Company Inc bought 590,225 shares as the company’s stock rose 19.92% while stock markets declined. The institutional investor held 1.14M shares of the public utilities company at the end of 2018Q2, valued at $38.28M, up from 553,490 at the end of the previous reported quarter. Reaves W H & Company Inc who had been investing in South Jersey Ind for a number of months, seems to be bullish on the $2.85 billion market cap company. The stock decreased 1.83% or $0.61 during the last trading session, reaching $32.75. About 517,764 shares traded. South Jersey Industries, Inc. (NYSE:SJI) has declined 8.59% since August 13, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Reaves W H & Company Inc is a New Jersey-based institutional investor with more than $3.03 billion AUM in October, 2014. Taken from Reaves W H & Company latest Adv, the fund reported to have 27 full and part-time employees. Among which 7 performing investment advisory and research functions. The institutional investor had more than 1100 clients.

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

Among 3 analysts covering South Jersey Industries (NYSE:SJI), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. South Jersey Industries had 5 analyst reports since February 13, 2018 according to SRatingsIntel. The stock of South Jersey Industries, Inc. (NYSE:SJI) has “Equal-Weight” rating given on Monday, July 16 by Morgan Stanley. As per Tuesday, February 13, the company rating was maintained by Morgan Stanley. The firm earned “Neutral” rating on Tuesday, April 10 by JP Morgan. The rating was maintained by JP Morgan on Friday, August 10 with “Neutral”.

South Jersey Industries, Inc., through its subsidiaries, provides energy-related services and products. The company has market cap of $2.85 billion. The firm engages in the purchase, transmission, and sale of natural gas. It has a 37.22 P/E ratio. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial clients on the interstate pipeline system, as well as transports natural gas, which is purchased directly from producers or suppliers to their customers.

More recent South Jersey Industries, Inc. (NYSE:SJI) news were published by: Nasdaq.com which released: “SJI to Host 2018 Second Quarter Earnings Conference Call on August 9, 2018” on July 24, 2018. Also Seekingalpha.com published the news titled: “South Jersey Industries Inc (SJI) CEO Michael Renna on Q2 2018 Results – Earnings Call Transcript” on August 09, 2018. Globenewswire.com‘s news article titled: “Consolidated Research: 2018 Summary Expectations for South Jersey Industries, Cedar Realty Trust, Antares Pharma …” with publication date: July 26, 2018 was also an interesting one.

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

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