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South Jersey Industries Inc. (NYSE:SJI) was trading today at a new 12-month high of $35.32. About 214,000 shares changed hands today, compared to a 30-day average volume of 2.1 million shares.
Over the past year, South Jersey Industries Inc. has traded in a range of $20.75 to $35.32 and now sits at $35.14, 69% above that low.
South Jersey Industries Inc. is a New Jersey holding company that acquires and develops utility companies. Through its numerous subsidiaries, SJI is primarily involved in the transmission, distribution and sale of natural gas and electricity in the Mid-Atlantic United States. The Company segments its operations into gas utility operations and energy group businesses. The majority of SJI’s total revenue comes from its gas utility business, which includes the company’s main subsidiary: South Jersey Gas. SJG purchases, transmits and sells natural gas primarily for residential consumers in southern New Jersey. The energy group is also a significant source of revenue through its wholesale energy and retail electricity services.
Based on a current price of $35.14, South Jersey Industries Inc. is currently 0.1% above its analyst consensus average price target of $35.10.
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