Get Premium to unlock powerful stock data

Steven Scruggs Comments on South Jersey Industries

Guru stock highlight

Author's Avatar
Nov 17, 2021
Summary
  • A top detractor.
Article's Main Image

South Jersey Industries (

SJI, Financial) shares fell due in part to the cancellation of the PennEast pipeline. Thepipeline, which SJI was to be a partner in, was slated to deliver 1.1 billion cubic feet per day of natural gas from the Marcellus shale region to New Jersey and Pennsylvania. While the regulatory environment in New Jersey has historically been favorable, the state’s role in preventing the PennEast pipeline’s construction is causing us to reassess the regulatory environment there.10 The company currently pays a 5.5% dividend yield and is expected to continue its long history of slow but steady normalized earnings growth.

From

Steven Scruggs (Trades, Portfolio)' FPA Queens Road Small Cap Value Fund third-quarter 2021 letter.

Also check out:

Disclosures

I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
The views of this author are solely their own opinion and are not endorsed or guaranteed by GuruFocus.com
Rating:
0 / 5 (0 votes)
Author's Avatar
WRITTEN BY

GuruFocus Screeners

Related Articles

Q&A with Gurus