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SJI

Snag This Bargain Energy Stock Even Cheaper Than Director Higgins Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 24, South Jersey Industries, Inc.'s Director, Walter M. Higgins, invested $6,603.10 into 202 shares of SJI, for a cost per share of $32.69. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Friday, bargain hunters could buy shares of South Jersey Industries, Inc. (Symbol: SJI) and achieve a cost basis even cheaper than Higgins, with shares changing hands as low as $32.61 per share. South Jersey Industries, Inc. shares are currently trading off about 1.4% on the day. The chart below shows the one year performance of SJI shares, versus its 200 day moving average:

South Jersey Industries, Inc. Chart

Looking at the chart above, SJI's low point in its 52 week range is $25.96 per share, with $37.55 as the 52 week high point - that compares with a last trade of $32.62. By comparison, below is a table showing the prices at which SJI insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
05/24/2018 Walter M. Higgins Director 202 $32.69 $6,603.10

The current annualized dividend paid by South Jersey Industries, Inc. is $1.12/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 06/08/2018. Below is a long-term dividend history chart for SJI, which can be of good help in judging whether the most recent dividend with approx. 3.4% annualized yield is likely to continue.

SJI+Dividend+History+Chart

Click here to find out which 9 other energy stock bargains you can buy cheaper than insiders »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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