SJI, an energy services holding company based in Folsom, NJ, delivers energy services to its customers through three primary subsidiaries. SJI Utilities, SJI's regulated natural gas utility business, delivers safe, reliable, affordable natural gas to approximately 700,000 South Jersey Gas and Elizabethtown Gas customers in New Jersey. SJI's non-utility businesses within South Jersey Energy Solutions promote efficiency, clean technology and renewable energy by providing customized wholesale commodity marketing and fuel management services; and developing, owning and operating on-site energy production facilities. SJI Midstream houses the company's interest in the PennEast Pipeline Project.
Company profile
Ticker
SJIIU, SJIV, SJIJ
Exchange
Website
CEO
Michael Renna
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
South Jersey Gas Company • Marina Energy LLC • South Jersey Energy Company • South Jersey Resources Group, LLC • South Jersey Exploration, LLC • South Jersey Energy • Energenic - US, LLC • SJI Midstream, LLC • SJI Utilities, Inc. • Elizabethtown Gas Company ...
IRS number
221901645
SJIIU stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
17 Feb 23
15-12G
Securities registration termination
13 Feb 23
EFFECT
Notice of effectiveness
9 Feb 23
EFFECT
Notice of effectiveness
9 Feb 23
EFFECT
Notice of effectiveness
9 Feb 23
EFFECT
Notice of effectiveness
9 Feb 23
EFFECT
Notice of effectiveness
9 Feb 23
EFFECT
Notice of effectiveness
9 Feb 23
EFFECT
Notice of effectiveness
9 Feb 23
EFFECT
Notice of effectiveness
9 Feb 23
Transcripts
SJIIU
Earnings call transcript
2021 Q1
8 May 21
SJIIU
Earnings call transcript
2020 Q4
28 Feb 21
SJIIU
Earnings call transcript
2020 Q3
8 Nov 20
SJIIU
Earnings call transcript
2020 Q2
8 Aug 20
SJIIU
Earnings call transcript
2020 Q1
9 May 20
SJIIU
Earnings call transcript
2019 Q4
27 Feb 20
SJIIU
Earnings call transcript
2019 Q3
10 Nov 19
SJIIU
Earnings call transcript
2019 Q2
9 Aug 19
SJIIU
Earnings call transcript
2019 Q1
11 May 19
SJIIU
Earnings call transcript
2018 Q4
28 Feb 19
Latest ownership filings
SC 13G/A
INFRASTRUCTURE CAPITAL ADVISORS, LLC
14 Feb 23
SC 13G/A
BlackRock Inc.
13 Feb 23
SC 13G/A
STATE STREET CORP
10 Feb 23
SC 13G/A
VANGUARD GROUP INC
9 Feb 23
SC 13G/A
STATE STREET CORP
2 Feb 23
4
Melissa Orsen
1 Feb 23
4
MICHAEL J RENNA
1 Feb 23
4
Leonard Brinson Jr
1 Feb 23
4
Steven R Cocchi
1 Feb 23
4
Eric Moss Stein
1 Feb 23
Financial summary
| Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 55.71 mm | 55.71 mm | 55.71 mm | 55.71 mm | 55.71 mm | 55.71 mm |
| Cash burn (monthly) | (no burn) | 2.69 mm | 4.05 mm | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 23.82 mm | 35.92 mm | n/a | n/a | n/a |
| Cash remaining | n/a | 31.89 mm | 19.80 mm | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 11.9 | 4.9 | n/a | n/a | n/a |
Institutional ownership, Q4 2022
12.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 304 |
| Opened positions | 59 |
| Closed positions | 34 |
| Increased positions | 103 |
| Reduced positions | 94 |
| 13F shares | Current |
|---|---|
| Total value | 3.73 tn |
| Total shares | 106.37 mm |
| Total puts | 297.40 k |
| Total calls | 90.20 k |
| Total put/call ratio | 3.3 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 20.54 mm | $729.67 bn |
| Vanguard | 14.77 mm | $524.62 bn |
| STT State Street | 14.68 mm | $521.50 bn |
| Norges Bank | 2.51 mm | $89.26 bn |
| Millennium Management | 2.49 mm | $88.60 bn |
| Sand Grove Capital Management | 2.32 mm | $82.56 bn |
| Geode Capital Management | 2.21 mm | $78.49 bn |
| Segantii Capital Management | 1.70 mm | $60.40 bn |
| GS Goldman Sachs | 1.65 mm | $58.57 bn |
| Water Island Capital | 1.56 mm | $55.36 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Feb 23 | Hartnett-devlin Sheila | Common Stock | Sale back to company | Dispose D | No | No | 36 | 19,925.19 | 717.31 k | 0 |
| 1 Feb 23 | Hartnett-devlin Sheila | Common Stock | Sale back to company | Dispose D | No | No | 36 | 3,485.32 | 125.47 k | 0 |
| 1 Feb 23 | Christopher Paladino | Common Stock | Sale back to company | Dispose D | No | No | 36 | 7,876.07 | 283.54 k | 0 |
| 1 Feb 23 | Christopher Paladino | Common Stock | Sale back to company | Dispose D | No | No | 36 | 3,485.32 | 125.47 k | 0 |
| 1 Feb 23 | Frank L Sims | Common Stock | Sale back to company | Dispose D | No | No | 36 | 60,000 | 2.16 mm | 0 |
| 1 Feb 23 | Frank L Sims | Common Stock | Sale back to company | Dispose D | No | No | 36 | 36,814.54 | 1.33 mm | 0 |
| 1 Feb 23 | Frank L Sims | Common Stock | Sale back to company | Dispose D | No | No | 36 | 4.41 | 158.76 | 0 |
| 1 Feb 23 | Frank L Sims | Common Stock | Sale back to company | Dispose D | No | No | 36 | 3,485.32 | 125.47 k | 0 |
| 1 Feb 23 | Kevin M. O'Dowd | Common Stock | Sale back to company | Dispose D | No | No | 36 | 3,293.49 | 118.57 k | 0 |
| 1 Feb 23 | Kevin M. O'Dowd | Common Stock | Sale back to company | Dispose D | No | No | 36 | 6,050.67 | 217.82 k | 0 |
Press releases
Infrastructure Investments Fund Completes Acquisition of South Jersey Industries, Inc.
1 Feb 23
TortoiseEcofin Announces Constituent Changes Due to Corporate Action
30 Jan 23
Northern Oil and Gas Set to Join S&P SmallCap 600
26 Jan 23
New Jersey Board of Public Utilities Approves Proposed Acquisition of South Jersey Industries by Infrastructure Investments Fund
25 Jan 23