Everence Capital Management Upped By $582,720 Its Bank Of America Ord (BAC) Holding; 3 Analysts Bullish South Jersey Industries (SJI)

November 15, 2017 - By Marguerite Chambers

Everence Capital Management Inc increased Bank Of America Ord (BAC) stake by 13.34% reported in 2017Q2 SEC filing. Everence Capital Management Inc acquired 24,280 shares as Bank Of America Ord (BAC)’s

stock declined 6.00%. The Everence Capital Management Inc holds 206,280 shares with $5.00M value, up from 182,000 last quarter. Bank Of America Ord now has $273.70B valuation. The stock declined 0.99% or $0.26 reaching $25.98 on the news. About 151,633 shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since November 15, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Among 6 analysts covering South Jersey Industries (NYSE:SJI), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. South Jersey Industries had 21 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of South Jersey Industries Inc (NYSE:SJI) has “Equal-Weight” rating given on Thursday, September 8 by Morgan Stanley. As per Friday, November 6, the company rating was downgraded by Hilliard Lyons. Williams Capital Group downgraded South Jersey Industries Inc (NYSE:SJI) rating on Wednesday, November 23. Williams Capital Group has “Hold” rating and $34 target. The company was upgraded on Tuesday, August 8 by Janney Capital. Morgan Stanley maintained South Jersey Industries Inc (NYSE:SJI) on Friday, September 8 with “Equal-Weight” rating. The firm has “Neutral” rating given on Tuesday, June 28 by Janney Capital. The stock of South Jersey Industries Inc (NYSE:SJI) earned “Long-Term Buy” rating by Hilliard Lyons on Wednesday, March 15. The rating was maintained by Morgan Stanley on Monday, November 13 with “Equal-Weight”. JP Morgan maintained it with “Neutral” rating and $35 target in Thursday, October 12 report. The company was downgraded on Monday, September 18 by Williams Capital Group. See South Jersey Industries Inc (NYSE:SJI) latest ratings:

13/11/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $39 New Target: $40 Maintain
17/10/2017 Broker: Williams Capital Group Old Rating: Hold New Rating: Buy Old Target: $36.00 New Target: $37.00 Upgrade
12/10/2017 Broker: JP Morgan Rating: Neutral Old Target: $32 New Target: $35 Maintain
18/09/2017 Broker: Williams Capital Group Old Rating: Buy New Rating: Hold New Target: $36.00 Downgrade
08/09/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $39 New Target: $40 Maintain
31/08/2017 Broker: Hilliard Lyons Old Rating: Long-Term Buy New Rating: Buy Old Target: $40 Upgrade
10/08/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $38 New Target: $39 Maintain
08/08/2017 Broker: Janney Capital Old Rating: Neutral New Rating: Buy Upgrade
17/07/2017 Broker: Williams Capital Group Old Rating: Hold New Rating: Buy Upgrade

Investors sentiment decreased to 1.12 in 2017 Q2. Its down 0.03, from 1.15 in 2017Q1. It worsened, as 79 investors sold BAC shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. 6.34 billion shares or 0.73% less from 6.39 billion shares in 2017Q1 were reported. United Kingdom-based Barclays Public Limited Company has invested 0.42% in Bank of America Corp (NYSE:BAC). Nationwide Fund Advsrs owns 4.44 million shares for 0.43% of their portfolio. 10 holds 0.17% or 24,741 shares in its portfolio. Hancock Hldg holds 26,756 shares. Lakeview Capital Ptnrs Lc stated it has 0.96% in Bank of America Corp (NYSE:BAC). Price Michael F has 25,000 shares for 0.07% of their portfolio. Pacific Glob Investment Mgmt invested in 253,232 shares or 1.41% of the stock. Macguire Cheswick & Tuttle Investment Counsel Ltd Com, a Connecticut-based fund reported 71,388 shares. Pacific Alternative Asset Management Ltd Llc invested 0.4% of its portfolio in Bank of America Corp (NYSE:BAC). Silvercrest Asset Management Group Inc Ltd Liability owns 305,114 shares. Loomis Sayles Lp reported 0.27% stake. Cna Financial Corporation owns 137,525 shares. Seabridge Invest Advsrs Llc reported 199,190 shares. Da Davidson has invested 0.12% in Bank of America Corp (NYSE:BAC). Commonwealth Of Pennsylvania Public School Empls Retrmt Sys owns 739,362 shares.

Among 30 analysts covering Bank of America (NYSE:BAC), 20 have Buy rating, 0 Sell and 10 Hold. Therefore 67% are positive. Bank of America has $30 highest and $15 lowest target. $23.93’s average target is -7.89% below currents $25.98 stock price. Bank of America had 94 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, September 13 by Societe Generale. Macquarie Research upgraded Bank of America Corp (NYSE:BAC) on Tuesday, September 1 to “Hold” rating. The stock has “Buy” rating by Nomura on Tuesday, July 18. Jefferies maintained the shares of BAC in report on Wednesday, October 7 with “Buy” rating. The rating was maintained by Citigroup on Wednesday, January 11 with “Buy”. JP Morgan maintained the stock with “Overweight” rating in Thursday, April 7 report. As per Thursday, December 1, the company rating was downgraded by Standpoint Research. The rating was downgraded by Wood on Monday, May 16 to “Market Perform”. Citigroup downgraded the shares of BAC in report on Tuesday, April 4 to “Neutral” rating. The firm has “Neutral” rating by Robert W. Baird given on Tuesday, August 25.

South Jersey Industries, Inc. is an energy services holding company. The company has market cap of $2.59 billion. The Firm provides a range of energy-related services and products, primarily through its subsidiaries. It has a 67.33 P/E ratio. The Company’s subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC (SJEX), Marina Energy, LLC (Marina), South Jersey Energy Service Plus, LLC (SJESP) and SJI Midstream, LLC (Midstream).

The stock increased 1.02% or $0.33 during the last trading session, reaching $32.57. About shares traded. South Jersey Industries Inc (NYSE:SJI) has risen 23.64% since November 15, 2016 and is uptrending. It has outperformed by 6.94% the S&P500.

Investors sentiment increased to 1.34 in 2017 Q2. Its up 0.25, from 1.09 in 2017Q1. It improved, as 15 investors sold South Jersey Industries Inc shares while 52 reduced holdings. 25 funds opened positions while 65 raised stakes. 54.30 million shares or 0.86% more from 53.83 million shares in 2017Q1 were reported. Kistler accumulated 957 shares. Duff Phelps Inv Mgmt has invested 0.74% of its portfolio in South Jersey Industries Inc (NYSE:SJI). Vanguard owns 7.62M shares. Moreover, Everence Capital Mgmt Inc has 0.05% invested in South Jersey Industries Inc (NYSE:SJI). Ubs Asset Mngmt Americas Inc accumulated 0% or 62,487 shares. Citadel Advisors Ltd Liability Corp holds 28,463 shares or 0% of its portfolio. Ameritas Ptnrs holds 0.01% or 6,899 shares in its portfolio. Jpmorgan Chase & Communications owns 143,872 shares or 0% of their US portfolio. Financial Architects owns 33,162 shares. Michigan-based Connable Office Inc has invested 0.06% in South Jersey Industries Inc (NYSE:SJI). Kennedy Cap Inc invested in 0.15% or 222,095 shares. 14,009 were reported by Paloma Prtn Mgmt. Parkside Bank & holds 0% or 297 shares in its portfolio. 19,074 are owned by Td Asset Mngmt. Waddell And Reed Financial has 222,789 shares for 0.02% of their portfolio.

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