Catalyst Capital Advisors LLC Increases Position in South Jersey Industries Inc (NYSE:SJI)

Catalyst Capital Advisors LLC increased its stake in South Jersey Industries Inc (NYSE:SJI) by 54.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,284 shares of the utilities provider’s stock after purchasing an additional 8,184 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in South Jersey Industries were worth $768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SJI. BlackRock Inc. grew its stake in South Jersey Industries by 1.0% in the 2nd quarter. BlackRock Inc. now owns 13,913,601 shares of the utilities provider’s stock valued at $469,305,000 after acquiring an additional 140,843 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in South Jersey Industries in the 3rd quarter valued at about $628,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in South Jersey Industries by 31.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,253 shares of the utilities provider’s stock valued at $206,000 after acquiring an additional 1,479 shares during the last quarter. Brinker Capital Inc. grew its stake in South Jersey Industries by 29.0% in the 3rd quarter. Brinker Capital Inc. now owns 11,060 shares of the utilities provider’s stock valued at $364,000 after acquiring an additional 2,487 shares during the last quarter. Finally, BLB&B Advisors LLC grew its stake in South Jersey Industries by 1.5% in the 3rd quarter. BLB&B Advisors LLC now owns 24,032 shares of the utilities provider’s stock valued at $791,000 after acquiring an additional 350 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

A number of equities research analysts recently commented on the stock. Morgan Stanley cut shares of South Jersey Industries from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $31.00 to $29.00 in a research note on Wednesday, January 8th. Maxim Group reissued a “buy” rating and issued a $40.00 price objective on shares of South Jersey Industries in a research note on Friday, November 8th. JPMorgan Chase & Co. cut shares of South Jersey Industries from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $31.00 to $29.00 in a research note on Wednesday, January 8th. ValuEngine cut shares of South Jersey Industries from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Zacks Investment Research cut shares of South Jersey Industries from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. South Jersey Industries has an average rating of “Hold” and a consensus price target of $33.80.

South Jersey Industries stock opened at $32.01 on Friday. South Jersey Industries Inc has a 12-month low of $28.58 and a 12-month high of $34.48. The stock has a market capitalization of $2.93 billion, a P/E ratio of 17.59 and a beta of 0.69. The firm’s 50-day moving average is $31.78 and its two-hundred day moving average is $31.85. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.25 and a quick ratio of 0.21.

South Jersey Industries Profile

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.

Further Reading: Diversification in Investing

Want to see what other hedge funds are holding SJI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for South Jersey Industries Inc (NYSE:SJI).

Institutional Ownership by Quarter for South Jersey Industries (NYSE:SJI)

Receive News & Ratings for South Jersey Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South Jersey Industries and related companies with MarketBeat.com's FREE daily email newsletter.