South Jersey Industries Inc Stock News

NEW YORK , Feb. 24, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for INDO, SJI, LNTH, USWS, and TELL. … Full story available on Benzinga.com

South Jersey Industries Inc. said Thursday it has entered an agreement to be acquired by the Infrastructure Investments Fund, a private vehicle, in a deal with an enterprise value of about $8.1 billion. Under the term of the deal, IIF will pay $36 for each SJI share owned, equal to a premium of 46.3% over the stock''s 30-day volume weighted average price as of Wednesday''s close. The stock jumped 47% premarket. The deal is expected to close by the fourth quarter of 2022 and have already been unanimously approved by the SJI board. "As energy markets across the U.S. and New Jersey accelerate the transition toward low carbon and renewable energy, the SJI Board determined that now is the opportune time to join forces with IIF," said Mike Renna, President and CEO, of SJI. The company will remain locally managed and headquartered in Folsom, New Jersey once the deal closes and Renna will continue in his role. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

South Jersey Industries (SJI) +48% pre-market after Infrastructure Investments Fund agrees to acquire the company for $36/share in cash, equal to a 46.3% premium over the stock''s…

Earnings Conference Call Cancelled Given Agreement to be Acquired by the Infrastructure Investments Fund Earnings Conference Call Cancelled Given Agreement to be Acquired by the Infrastructure Inves

FOLSOM, NJ, and NEW YORK, Feb. 24, 2022 (GLOBE NEWSWIRE) --                                                                      

The South Jersey Industries, Inc. (NYSE: SJI) stock increased by over 40% during intraday trading today. This is why.

Markets fell sharply as Russian troops attacked Ukraine.

ONE Gas (OGS) delivered earnings and revenue surprises of 0% and 17.18%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

South Jersey Industries found using ticker (SJI) have now 9 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 36 and 25 with the average target price sitting at 28.78. Given that the stocks previous close was at 23.74 this now indicates there is a potential upside of 21.2%. There is a 50 day moving average of 25.12 and the 200 moving average now moves to 24.78. The company has a market capitalisation of $2,626m. Visit the company website at: https://www.sjindustries.com [stock_market_widget type="chart" template="basic" color="green" assets=SJI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,183m based on the market concensus. South Jersey Industries, 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.

South Jersey Industries (SJI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

National Fuel Gas' (NFG) first-quarter earnings are better than expected due to strong performance of the E&P business. NFG raises its earnings guidance for fiscal 2022.

Atmos Energy's (ATO) fiscal first-quarter earnings are likely to have benefited from the rising demand from customers and the implementation of new rates.

FOLSOM, NJ, Feb. 02, 2022 (GLOBE NEWSWIRE) --                                                                             

FOLSOM, NJ, Feb. 02, 2022 (GLOBE NEWSWIRE) --                                                                              

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