South Jersey Industries Inc. (SJI): The stock medium term indicators show it’s time to Buy

How have the shares performed?


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South Jersey Industries Inc. (SJI) saw an uptrend of 3.31% in the recent trading with $25.57 being its most recent. The current price level -13.67% lower than the highest price of $29.62 marked by the stock while trading over the past 52-weeks, whereas it is 40.19% higher than the lowest price of $18.24 the company dropped to over past 52-weeks. The latest news story on SJI appeared in GlobeNewswire under the title “American Gas Association Recognizes SJIs Utilities for Outstanding Safety Records” on Apr-29-21.

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Squeezing the time span to 30 day period shows us the stock is currently trading -0.70% below one month high and is +11.71% above of the lowest during that time. Looking into the simple moving average, South Jersey Industries Inc. (SJI)’s stock stands at a SMA-50 of $24.75 while that of 5-day is reading $24.90.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and SJI’s SMA-200 as of now is $22.68.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 10 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.30 for the stock.

South Jersey Industries Inc. Earnings – What Happened With SJI

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. South Jersey Industries Inc. (SJI) last released financial results for the quarter that ended 12/30/2020, posting a surprise factor of 14.80% for net revenue. During the reported three-month period, company’s sales were $470.31 billion while analysts on average were estimating the same to be $530.79 million.

SJI – South Jersey Industries Inc. Stock Earnings Estimates

The perspective of South Jersey Industries Inc. (NYSE:SJI)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.54 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 0.62.

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 100.62 million. SJI does have institutional investors; and they hold 94.90% of the stock.

South Jersey Industries Inc. – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 4 new insider purchases involving 43,423 shares. On the other hand, SJI declared 24,793 shares have been sold in 13 insider transactions over the past three months.

As on Dec 30, 2020, Blackrock Inc. was the top most holder in South Jersey Industries Inc. (NYSE:SJI) with an ownership of 15.83 million shares of the company or 15.73% of the stake worth $341.17 million. The filing also reveals State Street Corporation as the second largest holder in the company with a control over 13.91% of the outstanding shares. Its stake is worth $301.85 million for having 14.01 million shares in hand.

Vanguard Group, Inc. (The) also came holding a key position in the company during the recent quarter and it now holds 11.01% of the outstanding shares. With this there are now 320 institutions which have possession in SJI’s shares.

Currently, the stock has been recommended as Moderate Buy by 10 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.30 for the stock.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by South Jersey Industries Inc. was 0.44 while posting a debt to equity ratio of 2.12. The count was 167.24 for long-term debt to equity ratio.

South Jersey Industries Inc.’s return on equity, or ROE, is 9.70%, compared to the industry average of 8.12% for Utilities – Utilities – Diversified. Although this indicates that SJI uses its equity well, the metric will vary significantly depending on the industry.

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