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 purchased directly from producers or suppliers to customers. As of December 31, 2020, the company had approximately 146.7 miles of mains in the transmission system and 6,771 miles of mains in the distribution system; and served 404,886 residential, commercial, and industrial customers in southern New Jersey. In addition, it markets natural gas storage, commodity, and transportation assets on a wholesale basis for energy marketers, electric and gas utilities, power plants, and natural gas producers in the mid-Atlantic, Appalachian, and southern regions of the United States. Further, the company owns and operates rooftop solar-generation sites. Additionally, it owns oil, gas, and mineral rights in the Marcellus Shale region of Pennsylvania; acquires and markets natural gas and electricity to retail end users, as well as provides total energy management, fuel management, and energy procurement and cost reduction services. The company was founded in 1910 and is headquartered in Folsom, New Jersey.
IPO Year:
Exchange: NYSE
Website: sjindustries.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/9/2023 | Buy → Neutral | Janney | |
| 2/25/2022 | Buy → Hold | Maxim Group | |
| 2/17/2022 | Buy → Neutral | B of A Securities | |
| 2/17/2022 | $25.00 | Buy → Neutral | BofA Securities |
| 1/20/2022 | Buy → Neutral | Guggenheim | |
| 11/29/2021 | $24.00 → $25.00 | Overweight → Equal-Weight | Wells Fargo |
| 10/4/2021 | $24.00 | Equal-Weight → Overweight | Wells Fargo |
| 9/17/2021 | $25.00 → $24.00 | Equal-Weight | Morgan Stanley |
| 7/20/2021 | $26.00 → $25.00 | Equal-Weight | Morgan Stanley |
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Janney downgraded South Jersey Industries from Buy to Neutral
Maxim Group downgraded South Jersey Indus from Buy to Hold
B of A Securities downgraded South Jersey Indus from Buy to Neutral
BofA Securities downgraded South Jersey Industries from Buy to Neutral and set a new price target of $25.00
Guggenheim downgraded South Jersey Industries from Buy to Neutral
Wells Fargo downgraded South Jersey Indus from Overweight to Equal-Weight and set a new price target of $25.00 from $24.00 previously
Wells Fargo upgraded South Jersey Indus from Equal-Weight to Overweight and set a new price target of $24.00
Morgan Stanley reiterated coverage of South Jersey Indus with a rating of Equal-Weight and set a new price target of $24.00 from $25.00 previously
Morgan Stanley reiterated coverage of South Jersey Indus with a rating of Equal-Weight and set a new price target of $25.00 from $26.00 previously
Morgan Stanley upgraded South Jersey Indus from Underweight to Equal-Weight and set a new price target of $26.00
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FOLSOM, N.J., and NEW YORK, Feb. 01, 2023 (GLOBE NEWSWIRE) -- South Jersey Industries, Inc. (NYSE:SJI) (SJI) and the Infrastructure Investments Fund (IIF), a private investment vehicle focused on investing in critical infrastructure assets, announced that IIF's acquisition of SJI is closing today. "The completion of this transaction marks an exciting new chapter for SJI," said Mike Renna, President and CEO, SJI. "We are excited to join forces with IIF and continue to support the environmental goals of our state and region through investing in sustainability and clean energy initiatives. Looking ahead, we will continue to leverage our talented workforce to build a better today and tomorrow
LEAWOOD, KS / ACCESSWIRE / January 30, 2023 / TortoiseEcofin today announced that South Jersey Industries, Inc (NYSE:SJI) will be removed from the Tortoise North American Pipeline IndexSM (TNAP) and Tortoise Decarbonization Infrastructure IndexSM (DCRBN) as a result of the approved acquisition by Infrastructure Investments Fund. Due to the acquisition, SJI will be removed from both indices at market open on Wednesday, February 1, 2023.SJI will be dropped from Tortoise North American Pipeline IndexSM (TNAP) with special rebalancing. Special rebalancing is not required for Tortoise Decarbonization Infrastructure IndexSM (DCRBN) and the deleted constituent's weight will be distributed pro-rata
NEW YORK, Jan. 26, 2023 /PRNewswire/ -- Northern Oil and Gas Inc. (NYSE:NOG) will replace South Jersey Industries Inc. (NYSE:SJI) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, February 2. Infrastructure Investments Fund is acquiring South Jersey Industries in a deal expected to be completed soon pending final conditions. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector February 2, 2023 S&P SmallCap 600 Addition Northern Oil and Gas NOG Energy S&P SmallCap 600 Deletion South Jersey Industries SJI Utilities For more information ab
FOLSOM, N.J. and NEW YORK, Jan. 25, 2023 (GLOBE NEWSWIRE) -- South Jersey Industries, Inc. (NYSE:SJI) (SJI) and the Infrastructure Investments Fund (IIF), a private investment vehicle focused on investing in critical infrastructure assets, today announced that the New Jersey Board of Public Utilities (NJ BPU) has unanimously approved IIF's proposed acquisition of SJI. Under the terms of the NJ BPU approval, SJI has made the following commitments, among others: $75 million in financial benefits for Elizabethtown Gas and South Jersey Gas customers including, a rate credit to all customers and bill relief for certain accounts in arrears due to the COVID-19 pandemic.$5 million in community s
FOLSOM, NJ, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Media Contact: Dominick DiRocco (732) 239-4462 [email protected] Investor Contact: Dan Fidell(609) 561-9000 ext. [email protected] FOR IMMEDIATE RELEASE NJ Publication Names SJI REV's President and COO Executive of the Year FOLSOM, NJ, December 14, 2022 – SJI (NYSE:SJI) is proud to announce that NJBIZ, one of New Jersey's leading business journals, has recognized Donna Schempp, president and chief operating officer
FOLSOM, NJ, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Media Contact: Dominick DiRocco (732)-239-4462 [email protected] Investor Contact: Dan Fidell(609) 561-9000 ext. [email protected] FOR IMMEDIATE RELEASE SJI Announces Regular Quarterly Dividend FOLSOM, NJ, November 23, 2022 – SJI (NYSE:SJI) announced today that its board of directors approved the distribution of the company's regular quarterly dividend at $0.3100 per share for the fourth quarter of 2022. The dividend is payable December 27
FOLSOM, NJ , Nov. 02, 2022 (GLOBE NEWSWIRE) -- Investor Contact:Daniel Fidell609-561-9000 [email protected] Media Contact:Dominick DiRocco609-561-9000 [email protected] SJI Reports Third Quarter 2022 ResultsAcquisition Proceeding on Track FOLSOM, NJ (November 2, 2022) - SJI (NYSE:SJI) today reported operating results for the third quarter ended September 30, 2022. Highlights include: Q3 2022 GAAP earnings $(0.31) per diluted share compared to $(0.23) per diluted share in 2021 Economic Earnings* $(0.18) per diluted share compared to $(0.17) per diluted share in 2021YTD 2022 GAAP earnings $0.59 per diluted share compared to $0.06 per diluted share in 2021 Economic
FOLSOM, NJ, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Media Contact: Dominick DiRocco (732) 239-4462 [email protected] Investor Contact: Dan Fidell(609) 561-9000 ext. [email protected] FOR IMMEDIATE RELEASE NJ Publication Names Marissa Travaline to its list of "Best 50 Women in Business" FOLSOM, NJ, Sep
FOLSOM, NJ , Aug. 03, 2022 (GLOBE NEWSWIRE) -- Investor Contact:Daniel Fidell609-561-9000 [email protected] Media Contact:Dominick DiRocco609-561-9000 [email protected] SJI Reports Second Quarter 2022 ResultsAcquisition Proceeding on Track FOLSOM, NJ (August 3, 2022) - SJI (NYSE:SJI) today reported operating results for the second quarter ended June 30, 2022. Highlights include: Q2 2022 GAAP earnings $(0.15) per diluted share compared to $(0.87) per diluted share in 2021 Economic Earnings* $0.05 per diluted share compared to $0.02 per diluted share in 2021YTD 2022 GAAP earnings $0.90 per diluted share compared to $0.30 per diluted share in 2021 Economic Earnings
Jersey City, NJ, July 19, 2022 (GLOBE NEWSWIRE) -- PRESS RELEASE Denham Capital provides DSI Sustainability Bond to South Jersey Industries Inaugural sustainability-focused private placement bond tranche for South Jersey Industries Jersey City, NJ — July 19, 2022 — Denham Sustainable Infrastructure ("DSI") is pleased to announce it has committed to a corporate private bond investment through its Sustainable Infrastructure Credit platform, as part of South Jersey Industries Inc.'s ("SJI") latest private placement financing. SJI is a US-based energy infrastructure hol
FOLSOM, N.J., and NEW YORK, Feb. 01, 2023 (GLOBE NEWSWIRE) -- South Jersey Industries, Inc. (NYSE:SJI) (SJI) and the Infrastructure Investments Fund (IIF), a private investment vehicle focused on investing in critical infrastructure assets, announced that IIF's acquisition of SJI is closing today. "The completion of this transaction marks an exciting new chapter for SJI," said Mike Renna, President and CEO, SJI. "We are excited to join forces with IIF and continue to support the environmental goals of our state and region through investing in sustainability and clean energy initiatives. Looking ahead, we will continue to leverage our talented workforce to build a better today and tomorrow
FOLSOM, N.J. and NEW YORK, Jan. 25, 2023 (GLOBE NEWSWIRE) -- South Jersey Industries, Inc. (NYSE:SJI) (SJI) and the Infrastructure Investments Fund (IIF), a private investment vehicle focused on investing in critical infrastructure assets, today announced that the New Jersey Board of Public Utilities (NJ BPU) has unanimously approved IIF's proposed acquisition of SJI. Under the terms of the NJ BPU approval, SJI has made the following commitments, among others: $75 million in financial benefits for Elizabethtown Gas and South Jersey Gas customers including, a rate credit to all customers and bill relief for certain accounts in arrears due to the COVID-19 pandemic.$5 million in community s
FOLSOM, NJ, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Media Contact: Dominick DiRocco (732)-239-4462 [email protected] Investor Contact: Dan Fidell(609) 561-9000 ext. [email protected] FOR IMMEDIATE RELEASE SJI Announces Regular Quarterly Dividend FOLSOM, NJ, November 23, 2022 – SJI (NYSE:SJI) announced today that its board of directors approved the distribution of the company's regular quarterly dividend at $0.3100 per share for the fourth quarter of 2022. The dividend is payable December 27
FOLSOM, NJ , Nov. 02, 2022 (GLOBE NEWSWIRE) -- Investor Contact:Daniel Fidell609-561-9000 [email protected] Media Contact:Dominick DiRocco609-561-9000 [email protected] SJI Reports Third Quarter 2022 ResultsAcquisition Proceeding on Track FOLSOM, NJ (November 2, 2022) - SJI (NYSE:SJI) today reported operating results for the third quarter ended September 30, 2022. Highlights include: Q3 2022 GAAP earnings $(0.31) per diluted share compared to $(0.23) per diluted share in 2021 Economic Earnings* $(0.18) per diluted share compared to $(0.17) per diluted share in 2021YTD 2022 GAAP earnings $0.59 per diluted share compared to $0.06 per diluted share in 2021 Economic
FOLSOM, NJ , Aug. 03, 2022 (GLOBE NEWSWIRE) -- Investor Contact:Daniel Fidell609-561-9000 [email protected] Media Contact:Dominick DiRocco609-561-9000 [email protected] SJI Reports Second Quarter 2022 ResultsAcquisition Proceeding on Track FOLSOM, NJ (August 3, 2022) - SJI (NYSE:SJI) today reported operating results for the second quarter ended June 30, 2022. Highlights include: Q2 2022 GAAP earnings $(0.15) per diluted share compared to $(0.87) per diluted share in 2021 Economic Earnings* $0.05 per diluted share compared to $0.02 per diluted share in 2021YTD 2022 GAAP earnings $0.90 per diluted share compared to $0.30 per diluted share in 2021 Economic Earnings
NEW YORK, May 19, 2022 /PRNewswire/ -- Captona and South Jersey Industries (NYSE:SJI) announce a fourth acquisition through Catamaran Renewables joint venture for a 5.66 MW Solar and 5.2MWh Storage facility in Agawam, Massachusetts. Prior to the acquisition, Catamaran's portfolio included Solar and Fuel Cell assets. Adding Storage to its portfolio, Catamaran further strengthens its commitment to decarbonization. Catamaran's portfolio continues to broaden its technology composition and surpass its growth expectationCatamaran Renewables acquired the Agawam Solar and Storage proj
FOLSOM, NJ , May 04, 2022 (GLOBE NEWSWIRE) -- Investor Contact:Daniel Fidell609-561-9000 [email protected] Media Contact:Dominick DiRocco609-561-9000 [email protected] SJI Reports First Quarter 2022 ResultsAcquisition Proceeding on Track FOLSOM, NJ (May 4, 2022) - SJI (NYSE:SJI) today reported operating results for the first quarter ended March 31, 2022. Highlights include: Q1 2022 GAAP earnings $1.08 per diluted share compared to $1.26 per diluted share in 2021 Economic Earnings* $1.25 per diluted share compared to $1.26 per diluted share in 2021First quarter EPS reflect increased profitability from both Utility and Non-Utility operations offset by the impact of
FOLSOM, NJ, March 01, 2022 (GLOBE NEWSWIRE) -- Investor Contact: Dan Fidell(609) 561-9000 ext. [email protected] Media Contact: Dominick DiRocco (732) 239-4462 [email protected] FOR IMMEDIATE RELEASE SJI Declares Quarterly Dividend FOLSOM, NJ, March 1, 2022 – SJI's (NYSE:SJI) board of directors declared on February 24, 2022 its regular dividend of $0.3100 per share for the first quarter of 2022. The dividend is payable April 5, 2022 to shareholders of record at the close of business March 16, 2
FOLSOM, NJ , Feb. 24, 2022 (GLOBE NEWSWIRE) -- Investor Contact:Daniel Fidell609-561-9000 [email protected] Media Contact:Dominick DiRocco609-561-9000 [email protected] SJI Reports Fourth Quarter and 2021 Results Earnings Conference Call Cancelled Given Agreement to be Acquired by the Infrastructure Investments Fund FOLSOM, NJ (February 24, 2022) - SJI (NYSE:SJI) today reported operating results for the fourth quarter and full year periods ended December 31, 2021. Highlights include: 2021 GAAP earnings $0.80 per diluted share compared to $1.62 per diluted share in 2020 Economic Earnings* $1.62 per diluted share compared to $1.68 per diluted share in 2020 2020 re
FOLSOM, NJ, and NEW YORK, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Media Contact: Dominick DiRocco (732) 239-4462 [email protected] Investor Contact: Dan Fidell(609) 561-9000 ext. [email protected] FOR IMMEDIATE RELEASE South Jersey Industries, Inc. Enters into Agreement to be Acquired by the Infrastructure Investments Fund Represents Significant Long-Term Investment to Support the Success of SJI, Its Employees,Customers and Communities Reinforces SJI's Ability to Provide Safe, Reliable, Aff
Upgrades For Helmerich & Payne Inc (NYSE:HP), B of A Securities upgraded the previous rating of Neutral to Buy. For the fourth quarter, Helmerich & Payne had an EPS of $0.45, compared to year-ago quarter EPS of $0.62. The current stock performance of Helmerich & Payne shows a 52-week-high of $54.59 and a 52-week-low of $25.56. Moreover, at the end of the last trading period, the closing price was at $45.80. For Phillips Edison & Co Inc (NASDAQ:PECO), Credit Suisse upgraded the previous rating of Neutral to Outperform. Phillips Edison earned $0.09 in the third quarter, compared to $0.13 in the year-ago quarter. The current stock performance of Phillips Edison shows a 52-week-high of $36.35
Janney Montgomery Scott analyst Michael Gaugler downgrades South Jersey Indus (NYSE:SJI) from Buy to Neutral.
As of the close of business on Tuesday, 11/15, we captured the Top 10 Highest Short Interest % stocks within the Utilities sector. The average short interest for stocks within the Utilities sector stands at 2.10%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector. ORMAT TECHNOLOGIES (NYSE:ORA) 12.11% PORTLAND GEN ELEC (NYSE:POR) 9.57% ADVENT TECHNOLOGIE (NASDAQ:ADN) 7.54% PG&E CORP (NYSE:PCG) 6.70% ATMOS ENERGY CORP (NYSE:ATO) 6.67% NRG ENERGY INC (NYSE:NRG) 6.63% ONE GAS INC (NYSE:OGS) 5.18% SPIRE INC (NYSE:SR) 5.01% SOUTH JERSEY INDS (NYSE:SJI)
South Jersey Indus (NYSE:SJI) reported quarterly losses of $(0.18) per share. This is a 5.88 percent decrease over losses of $(0.17) per share from the same period last year. The company reported $608.52 million in sales this quarter. This is a 66.43 percent increase over sales of $365.63 million the same period last year.
As of the close of business on Tuesday, 10/25, we captured the Top 10 Highest Short Interest % stocks within the Utilities sector. The average short interest for stocks within the Utilities sector stands at 2.26%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector. ORMAT TECHNOLOGIES (NYSE:ORA) 12.22% ADVENT TECHNOLOGIE (NASDAQ:ADN) 8.47% NRG ENERGY INC (NYSE:NRG) 7.79% PG&E CORP (NYSE:PCG) 7.39% ATMOS ENERGY CORP (NYSE:ATO) 6.84% SOUTH JERSEY INDS (NYSE:SJI) 6.06% PORTLAND GEN ELEC (NYSE:POR) 5.70% SPIRE INC (NYSE:SR) 5.67% NEW JERSEY RES CP (NYSE:NJR)
As of the close of business on Friday, 9/30, we captured the Top 10 Highest Short Interest % stocks within the Utilities Sector. The average short interest for stocks within the Utilities sector stands at 2.05%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector. ORMAT TECHNOLOGIES (NYSE:ORA) 13.16% NRG ENERGY INC (NYSE:NRG) 8.39% PORTLAND GEN ELEC (NYSE:POR) 7.13% ATMOS ENERGY CORP (NYSE:ATO) 6.79% SPIRE INC (NYSE:SR) 5.43% BLACK HILLS CORP (NYSE:BKH) 5.03% PNM RES INC (NYSE:PNM) 4.98% ONE GAS INC (NYSE:OGS) 4.74% SOUTH JERSEY INDS (NYSE:SJI) 4.4
As of the close of business on Wednesday, 9/14, we captured the Top 10 Highest Short Interest % stocks within the Utilities Sector. The average short interest for stocks within the Utilities sector stands at 2.07%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector. ORMAT TECHNOLOGIES (NYSE:ORA) 13.39% NORTHWESTERN CORP (NASDAQ:NWE) 9.51% NRG ENERGY INC (NYSE:NRG) 8.41% ATMOS ENERGY CORP (NYSE:ATO) 6.59% SPIRE INC (NYSE:SR) 5.49% PORTLAND GEN ELEC (NYSE:POR) 5.34% PNM RES INC (NYSE:PNM) 4.83% NEW JERSEY RES CP (NYSE:NJR) 4.71% SOUTH JERSEY INDS (NYSE:SJI
As of the close of business on Wednesday, 8/3, we captured the Top 10 Highest Short Interest % stocks within the Utilities Sector. The average short interest for stocks within the Utilities sector stands at 1.92%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector. ORMAT TECHNOLOGIES (NYSE:ORA) 14.47% NORTHWESTERN CORP (NASDAQ:NWE) 8.55% NRG ENERGY INC (NYSE:NRG) 7.74% SPIRE INC (NYSE:SR) 5.70% ATMOS ENERGY CORP (NYSE:ATO) 5.00% BLACK HILLS CORP (NYSE:BKH) 4.72% SOUTH JERSEY INDS (NYSE:SJI) 4.67% NEW JERSEY RES CP (NYSE:NJR) 4.65% BROOKFIELD INFR CO (NYSE:BI
South Jersey Indus (NYSE:SJI) reported quarterly losses of $(0.15) per share. This is a 850 percent decrease over earnings of $0.02 per share from the same period last year. The company reported $511.43 million in sales this quarter. This is a 64.01 percent increase over sales of $311.83 million the same period last year.