SJI South Jersey Industries, Inc.

South Jersey Industries, Inc. is a holding company, which engages in the provision of energy-related products and services. It operates through the following segments: SJG Utility Operations; ETG Utility Operations; ELK Utility Operations, Wholesale Energy Operations; Retail Electric Operations; Appliance Service Operations; Midstream; and Corporate & Services. The SJG Utility Operations segment consists of natural gas distribution to residential, commercial and industrial customers in southern New Jersey. The ETG Utility Operations segment consists of natural gas distribution to residential, commercial and industrial customers in northern and central New Jersey. The ELK Utility Operations segment consists of natural gas distribution to residential, commercial and industrial customers in Maryland. The Wholesale Energy Operations segment includes the activities of South Jersey Resources Group and South Jersey Exploration. The Retail Electric Operations segment consists of electricity acquisition and transportation to commercial, industrial and residential customers. The Appliance Service Operations segment comprises of South Jersey Energy Service Plus, which serviced residential and small commercial HVAC systems, installed small commercial HVAC systems, provided plumbing services, and serviced appliances under warranty via a subcontractor arrangement as well as on a time and materials basis. The Midstream segment invests in infrastructure and other midstream projects, including a current project to build a natural gas pipeline in Pennsylvania and New Jersey. The Corporate & Services segment refers to the costs incurred related to the agreement to Elizabethtown Gas and Elkton Gas. The company was founded in 1969 and is headquartered in Folsom, NJ.

Company profile

Ticker

SJI

Exchange

NYSE

Website

www.sjindustries.com

CEO

Michael J. Renna

Incorporated in

New Jersey

Location

New Jersey

Fiscal year end

Dec 31

Sector

Utilities > Gas Distributors

Industry (SEC)

Natural Gas Distribution

Atmos Energy • National Fuel Gas • ONE Gas • Piedmont Natural Gas • Washington Gas Light • New Jersey Resources • Spire • Cheniere Energy Partners • New Fortress Energy • Cheniere Energy ...

SEC CIK

0000091928

Corporate docs

Articles of Incorporation & Bylaws

IRS number

221901645

SJI stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

6 May 20

5 Jul 20

31 Dec 20

News

Company financial data Financial data

Chart SJI financial data

Quarter (USD)	Dec 19	Sep 19	Jun 19	Mar 19
Revenue	463.19M	261.2M	266.93M	637.3M
Net income	39.48M	-34.81M	-13.4M	85.64M
Diluted EPS	0.43	-0.38	-0.14	0.94
Net profit margin	8.52%	-13.32%	-5.02%	13.44%
Operating income	75.86M	-19.03M	8.87M	134.55M
Net change in cash	1.82M	-7.59M	1.83M	-19.67M
Cash on hand	6.42M	4.6M	12.19M	10.36M
Cost of revenue	273.87M	190.37M	165.34M	402.39M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	1.63B	1.64B	1.24B	1.04B
Net income	76.92M	17.66M	-3.49M	118.81M
Diluted EPS	0.84	0.21	-0.04	1.56
Net profit margin	4.72%	1.08%	-0.28%	11.46%
Operating income	201.21M	100.75M	8.84M	194.18M
Net change in cash	-23.61M	22.21M	-10.46M	14.41M
Cash on hand	6.42M	30.03M	7.82M	18.28M

Financial data from company earnings reports

Recent insider trades

SJI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	#Shares	#Remaining
15 Jun 20	Kathleen D Larkin	RSU Common Stock	Grant	Aquire A	No	2,136	6,385
15 Jun 20	Hernandez Cielo	RSU Common Stock	Grant	Aquire A	No	4,668	9,038.366
15 Jun 20	Cocchi Steven R	RSU Common Stock	Grant	Aquire A	No	3,174	7,427.855
15 Jun 20	Robbins David Jr	RSU Common Stock	Grant	Aquire A	No	5,876	10,469.851
15 Jun 20	Renna Michael J	RSU Common Stock	Grant	Aquire A	No	20,605	37,894.881

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

SJI institutional ownership history Ownership history

84.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	217	245	-11.4%
Opened positions	29	48	-39.6%
Closed positions	57	29	+96.6%
Increased positions	79	78	+1.3%
Reduced positions	72	73	-1.4%

13F shares	Current	Prev Q	Change
Total value	6.8B	12.01B	-43.4%
Total shares	78.1M	77.89M	+0.3%
Total puts	2.1K	55K	-96.2%
Total calls	15.6K	37.6K	-58.5%
Total put/call ratio	0.1	1.5	-90.8%

Largest owners	Shares	Value	Change
BLK BlackRock	13.98M	$349.53M	-2.0%
Vanguard	10.68M	$266.91M	+1.7%
STT State Street	8.78M	$222.13M	+225.4%
MCQEF Macquarie	5.46M	$136.38M	+0.3%
FMR	2.29M	$57.37M	-21.1%
Diamond Hill Capital Management	2.13M	$53.24M	+15.9%
IVZ Invesco	2.02M	$50.53M	-20.1%
Massachusetts Financial Services	1.77M	$44.15M	-12.0%
Dimensional Fund Advisors	1.73M	$43.24M	+0.2%
First Trust Advisors	1.69M	$42.17M	+12.3%

Largest transactions	Shares	Bought/sold	Change
STT State Street	8.78M	+6.08M	+225.4%
Norges Bank	0	-625.79K	EXIT
FMR	2.29M	-615.12K	-21.1%
IVZ Invesco	2.02M	-509.37K	-20.1%
Kennedy Capital Management	0	-486.56K	EXIT
Reaves W H & Co	811.78K	-477.22K	-37.0%
Paloma Partners Management	12.41K	-425.35K	-97.2%
Robecosam	0	-380K	EXIT
William Blair Investment Management	0	-364.78K	EXIT
SF Stifel Financial	82.91K	-303.85K	-78.6%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Item 7. Management's Discussion and Analysis of Financial Condition and

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: abandoned, ability, addressing, advance, announced, answer, Article, ATM, attained, bad, bear, body, BPT, ceased, CEP, certificated, Certiorari, chain, compromised, confident, conform, contact, County, creation, criteria, declaratory, delay, delayed, depressed, deteriorate, disease, disruption, downturn, easier, eastern, economy, EDIT, efficiency, efficient, emergency, enacted, essential, expand, expedited, Facilitation, field, force, Foundation, global, governmental, Governor, halting, health, home, human, imposed, impossible, incomplete, interpreting, invoice, issuer, large, lead, leaseback, led, lifetime, lifted, listed, low, Luzerne, mentioned, meter, middle, mission, modification, MTF, negative, negatively, negotiated, NJDEP, nonpayment, Northampton, numerical, omission, omit, Organization, OSMC, outbreak, overdue, oversight, owed, pandemic, partly, personal, Phase, phased, pipe, pledged, preapproval, predict, prescribed, President, priority, prolonged, promoting, provision, rapid, recent, registered, rejected, relocated, remotely, replenished, resolving, respiratory, respond, retention, reversal, route, run, safe, safeguard, scheduled, shutting, social, solicitation, source, stable, successful, Supreme, suspend, suspended, task, threshold, traditionally, Tranche, treatment, uncollectibility, uncollectible, Uniform, unknown, upgrade, voluntary, voted, widespread, world, worldwide, Writ

Removed: absence, accomplished, aging, allocate, appeal, assigned, attributed, authorized, avoid, breach, Colorado, Commission, concert, configured, consulting, curve, declaration, deductible, derive, derived, determinable, directionally, disputed, District, earliest, enhanced, entirety, environment, Error, establishing, exemption, explicit, exploring, favor, heard, hindsight, hour, iii, IIP, implementation, implicit, important, insight, integrating, integration, jury, Lastly, lawsuit, licensed, LMP, load, match, meeting, megawatt, metric, nonlease, Northeastern, notice, notwithstanding, occurring, paragraph, plaintiff, planning, precedent, professional, proportional, proportionate, provisional, proximity, qualify, readily, recognizing, referred, reimbursed, reimbursement, reinstate, remediate, rent, reserve, restating, retrospective, rolling, scale, secondary, site, Societal, stemming, supplied, targeting, technical, typical, valid, verdict, VIE, vintage, vitally, volume, winter

From filing 10-Q 2020 Q1