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

August 12, 2018 - By Joseph Norton

Investors sentiment decreased to 1.23 in Q1 2018. Its down 0.22, from 1.45 in 2017Q4. It fall, 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. Salem Inv Counselors holds 0.01% of its portfolio in South Jersey Industries, Inc. (NYSE:SJI) for 2,040 shares. Nomura holds 14,994 shares or 0% of its portfolio. Employees Retirement Association Of Colorado has invested 0% in South Jersey Industries, Inc. (NYSE:SJI). Moreover, Proshare Advisors Ltd Llc has 0.05% invested in South Jersey Industries, Inc. (NYSE:SJI). Thrivent Fin For Lutherans invested in 0.01% or 53,609 shares. Ubs Asset Mngmt Americas reported 92,167 shares. State Of Alaska Department Of Revenue, a Alaska-based fund reported 25,690 shares. Hotchkis And Wiley Capital Mngmt Ltd Liability Corp has invested 0% in South Jersey Industries, Inc. (NYSE:SJI). 1,962 are held by Us Bankshares De. State Of New Jersey Common Pension Fund D owns 25,000 shares. Strs Ohio invested in 116,300 shares or 0.01% of the stock. Parkside National Bank And Trust reported 0% stake. Fort Washington Investment Oh holds 30,650 shares or 0.01% of its portfolio. Public Sector Pension Invest Board owns 51,437 shares. Vanguard accumulated 0.01% or 8.09 million shares.

Since May 24, 2018, it had 1 buying transaction, and 0 selling transactions 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 $38.28 million, 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 rating was maintained by JP Morgan with “Neutral” on Friday, August 10. As per Monday, July 16, the company rating was maintained by Morgan Stanley. The stock of South Jersey Industries, Inc. (NYSE:SJI) earned “Neutral” rating by JP Morgan on Tuesday, April 10. The stock of South Jersey Industries, Inc. (NYSE:SJI) has “Equal-Weight” rating given on Tuesday, February 13 by Morgan Stanley.

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

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

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