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SJI

South Jersey Industries

$30.72

0.32 (1.05%)

, CPK

Chesapeake Utilities

$93.02

(0.00%)

08:04
12/09/19
12/09
08:04
12/09/19
08:04

South Jersey Industries announces sale of Elkton Gas to Chesapeake Utilities

SJI (SJI) has entered into an agreement to sell Elkton Gas to Chesapeake Utilities (CPK) for approximately $15M. Elkton Gas serves roughly 7,000 residential and commercial customers in Cecil County, Maryland and was acquired by SJI in July 2018. Completion of the transaction is estimated in the second quarter of 2020, following Maryland Public Service Commission Approval. Both SJI and Chesapeake Utilities are focused on ensuring the continued delivery of safe, reliable, affordable natural gas service during this transition. "Chesapeake Utilities is committed to providing the same level of service Elkton Gas customers expect and deserve. The company will also maintain commitments to Elkton Gas employees."

SJI

South Jersey Industries

$30.72

0.32 (1.05%)

CPK

Chesapeake Utilities

$93.02

(0.00%)

  • 11

    Dec

SJI South Jersey Industries
$30.72

0.32 (1.05%)

04/17/19
MAXM
04/17/19
INITIATION
Target $40
MAXM
Buy
South Jersey Industries initiated with a Buy at Maxim
Maxim analyst Tate Sullivan initiated South Jersey Industries with a Buy rating and a price target of $40, saying the company has "various opportunities to invest in natural gas infrastructure" in New Jersey while it also continues to build a new interstate natural gas pipeline from Pennsylvania. The analyst believes that South Jersey Industries can grow its dividend by 3% per year through 2022, having already "completed multiple actions in the last two years to improve its ability to benefit from long-term growth in natural gas consumption."
06/13/19
GUGG
06/13/19
UPGRADE
Target $35
GUGG
Buy
South Jersey Industries upgraded to Buy from Neutral at Guggenheim
Guggenheim analyst Shahriar Pourreza upgraded South Jersey Industries to Buy from Neutral and raised the price target on the stock to $35 from $32.
07/11/19
GUGG
07/11/19
UPGRADE
Target $45
GUGG
Neutral
New Jersey Resources upgraded to Neutral with $45 price target at Guggenheim
As previously reported, Guggenheim analyst Shahriar Pourreza upgraded New Jersey Resources (NJR) to Neutral from Sell citing valuation following the recent underperformance of the shares. He views the stock's current valuation as more balanced from a risk/reward perspective given the year-to-date underperformance of the stock and the company's solid outlook and "ever-increasing stability," but Pourreza still sees some better near-term value in peers such as South Jersey Industries (SJI) and NiSource (NI), he noted. He raised his price target on New Jersey Resources shares to $45 from $39, with the target increase predominately due to marking up his multiple.
08/05/19
JPMS
08/05/19
DOWNGRADE
Target $32
JPMS
Neutral
South Jersey Industries downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Christopher Turnure downgraded South Jersey Industries to Neutral from Overweight with a price target of $32 citing PennEast and state energy policy headwinds.
CPK Chesapeake Utilities
$93.02

(0.00%)

12/17/18
12/17/18
DOWNGRADE
Target $86

Neutral
Chesapeake Utilities downgraded to Neutral at Janney Montgomery Scott
As previously reported, Janney Montgomery Scott analyst Michael Gaugler downgraded Chesapeake Utilities to Neutral from Buy, citing valuation given that the stock is trading "materially above" his $86 fair value estimate. He does we believe Chesapeake Utilities shares would command a higher P/E multiple if it were acquired, but does not base his fair value estimates potential premiums from change of control events, Gaugler tells investors.
12/17/18
12/17/18
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Best Buy (BBY) downgraded to Underperform from Neutral at BofA/Merrill analyst Curtis Nagle citing his caution about key product categories that include TVs, Apple (AAPL) products and gaming. 2. Illinois Tool Works (ITW) downgraded to Sell from Hold at Deutsche Bank. 3. Chesapeake Utilities (CPK) and Middlesex Water (MSEX) were downgraded to Neutral from Buy at Janney Montgomery Scott. 4. Callaway Golf (ELY) downgraded to Neutral from Buy at Roth Capital with analyst Dave King citing the recent acquisition of Jack Wolfskin and saying that the deal moves Callaway beyond its core competency in golf. 5. Centene (CNC) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Stephen Tanal citing risk associated with a potential adverse outcome in the Texas versus United States ACA ruling. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/04/19
WELS
03/04/19
NO CHANGE
Target $90
WELS
Market Perform
Chesapeake Utilities price target raised to $90 from $84 at Wells Fargo
Wells Fargo analyst Sarah Akers raised her price target for Chesapeake Utilities to $90 from $84 after the company reported quarterly results. The analyst reiterates a Market Perform rating on the shares.
10/24/19
SIDC
10/24/19
INITIATION
Target $108
SIDC
Buy
Chesapeake Utilities initiated with a Buy at Sidoti
Sidoti initiated Chesapeake Utilities with a Buy rating and $108 price target.

TODAY'S FREE FLY STORIES

BTI

British American Tobacco

$44.44

-0.13 (-0.29%)

11:43
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Upgrade
British American Tobacco rating change  »

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UBSFY

Ubisoft

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, TCEHY

Tencent

$0.00

(0.00%)

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UBSFY

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$0.00

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Tencent

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PTON

Peloton

$32.41

0.39 (1.22%)

11:36
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Xiaomi launches lower cost Peloton competitor in China, GizmoChina reports »

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  • 05

    Feb

BA

Boeing

$307.20

-6.11 (-1.95%)

, BHC

Bausch Health

$29.77

0.02 (0.07%)

11:28
01/22/20
01/22
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11:28
On The Fly
Boeing downgrade, Bausch upgrade among today's top analyst calls »

Check out today's top…

BA

Boeing

$307.20

-6.11 (-1.95%)

BHC

Bausch Health

$29.77

0.02 (0.07%)

NPTN

NeoPhotonics

$9.02

0.44 (5.13%)

FTNT

Fortinet

$119.16

1.59 (1.35%)

TSLA

Tesla

$583.29

35.86 (6.55%)

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JMIA

Jumia Technologies

$8.30

-0.02 (-0.24%)

11:25
01/22/20
01/22
11:25
01/22/20
11:25
Options
Jumia Technologies call volume above normal and directionally bullish »

Bullish option flow…

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TAP

Molson Coors

$56.43

-0.07 (-0.12%)

11:25
01/22/20
01/22
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11:25
Hot Stocks
Molson Coors craft division agrees to acquire Atwater Brewery »

Tenth and Blake Beer…

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  • 12

    Feb

FB

Facebook

$222.36

0.88 (0.40%)

, TWTR

Twitter

$34.06

-0.03 (-0.09%)

11:25
01/22/20
01/22
11:25
01/22/20
11:25
Conference/Events
FBN Securities Internet & tech analyst to hold a luncheon »

Tech & Internet…

FB

Facebook

$222.36

0.88 (0.40%)

TWTR

Twitter

$34.06

-0.03 (-0.09%)

SNAP

Snap

$19.34

0.33 (1.74%)

GOOGL

Alphabet Class A

$1,488.44

5.74 (0.39%)

03/08/13
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    Feb

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
01/22/20
01/22
11:17
01/22/20
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
01/22/20
01/22
11:16
01/22/20
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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11:15
01/22/20
01/22
11:15
01/22/20
11:15
General news
FX Action: The dollar »

FX Action: The dollar was…

TECK

Teck Resources

$15.47

0.05 (0.32%)

11:05
01/22/20
01/22
11:05
01/22/20
11:05
Options
Teck Resources call volume above normal and directionally bullish »

Bullish option flow…

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  • 22

    Jan

  • 21

    Feb

CNP

CenterPoint Energy

$26.79

-0.22 (-0.81%)

11:02
01/22/20
01/22
11:02
01/22/20
11:02
Recommendations
CenterPoint Energy analyst commentary at Goldman Sachs »

CEHE rate case settlement…

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  • 22

    Jan

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UAL

United Airlines

$85.62

-0.22 (-0.26%)

11:02
01/22/20
01/22
11:02
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11:02
Hot Stocks
Breaking Hot Stocks news story on United Airlines »

United Airlines says MAX…

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  • 22

    Jan

UAL

United Airlines

$85.62

-0.22 (-0.26%)

11:01
01/22/20
01/22
11:01
01/22/20
11:01
Hot Stocks
Breaking Hot Stocks news story on United Airlines »

United Airlines says goal…

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  • 22

    Jan

BATRK

Liberty Braves

$29.49

-0.01 (-0.03%)

, FWONK

Liberty Formula One

$48.54

0.18 (0.37%)

10:56
01/22/20
01/22
10:56
01/22/20
10:56
Periodicals
Liberty Media working with Hemisphere on Univision bid, Bloomberg reports »

Liberty Media (FWONA,…

BATRK

Liberty Braves

$29.49

-0.01 (-0.03%)

FWONK

Liberty Formula One

$48.54

0.18 (0.37%)

FWONA

Liberty Formula One

$46.20

0.33 (0.72%)

LBTYA

Liberty Global

$20.22

-0.12 (-0.59%)

HMTV

Hemisphere Media

$13.97

(0.00%)

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  • 14

    Feb

BA

Boeing

$309.85

-3.46 (-1.10%)

, UAL

United Airlines

$85.40

-0.44 (-0.51%)

10:55
01/22/20
01/22
10:55
01/22/20
10:55
Hot Stocks
Breaking Hot Stocks news story on Boeing, United Airlines »

United says 737 MAX…

BA

Boeing

$309.85

-3.46 (-1.10%)

UAL

United Airlines

$85.40

-0.44 (-0.51%)

03/08/13
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  • 22

    Jan

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    Jan

KHC

Kraft Heinz

$30.92

-0.105 (-0.34%)

10:55
01/22/20
01/22
10:55
01/22/20
10:55
Options
Kraft Heinz put volume heavy and directionally bearish »

Bearish flow noted in…

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10:55
01/22/20
01/22
10:55
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10:55
Conference/Events
Governor Poloz of the Bank of Canada to hold a press conference »

Stephen S. Poloz,…

NFLX

Netflix

$332.64

-5.6 (-1.66%)

, AAPL

Apple

$318.42

2.03 (0.64%)

10:50
01/22/20
01/22
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10:50
On The Fly
Netflix slips as Street digests domestic subscriber miss, weak guidance »

Shares of Netflix (NFLX)…

NFLX

Netflix

$332.64

-5.6 (-1.66%)

AAPL

Apple

$318.42

2.03 (0.64%)

DIS

Disney

$144.10

0.57 (0.40%)

CMCSA

Comcast

$47.53

0.22 (0.47%)

CMCSK

Comcast

$0.00

(0.00%)

T

AT&T

$38.98

0.465 (1.21%)

03/08/13
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  • 23

    Jan

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    Feb

SNY

Sanofi

$49.61

-0.62 (-1.23%)

, AZN

AstraZeneca

$50.85

0.055 (0.11%)

10:47
01/22/20
01/22
10:47
01/22/20
10:47
Downgrade
Sanofi, AstraZeneca, Novartis rating change at Liberum »

Sanofi downgraded to Hold…

SNY

Sanofi

$49.61

-0.62 (-1.23%)

AZN

AstraZeneca

$50.85

0.055 (0.11%)

NVS

Novartis

$95.17

-0.035 (-0.04%)

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  • 22

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    Feb

WE

We Company

$0.00

(0.00%)

10:46
01/22/20
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Hot Stocks
WeWork completes sales of Teem, minority stake in The Wing »

WeWork announced that…

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  • 09

    Mar

WMT

Walmart

$116.41

0.84 (0.73%)

10:45
01/22/20
01/22
10:45
01/22/20
10:45
Options
Wal-Mart call volume above normal and directionally bullish »

Bullish option flow…

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  • 18

    Feb

10:45
01/22/20
01/22
10:45
01/22/20
10:45
Conference/Events
Fitch Ratings to hold a webinar »

Capital Link Closed-End…

UAL

United Airlines

$84.94

-0.9 (-1.05%)

10:41
01/22/20
01/22
10:41
01/22/20
10:41
Hot Stocks
United Airlines: 'Can't tell you' what economic impact of coronavirus will be »

Says has been…

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  • 22

    Jan

AKCA

Akcea Therapeutics

$18.90

1.54 (8.87%)

, IONS

Ionis Pharmaceuticals

$62.35

2.32 (3.86%)

10:39
01/22/20
01/22
10:39
01/22/20
10:39
Recommendations
Akcea Therapeutics, Ionis Pharmaceuticals analyst commentary at Stifel »

Akcea LICA data look…

AKCA

Akcea Therapeutics

$18.90

1.54 (8.87%)

IONS

Ionis Pharmaceuticals

$62.35

2.32 (3.86%)

03/08/13
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