SJI Reports 2020 Financial Results
Announces Renewable Natural Gas Investment
FOLSOM, NJ, Feb. 24, 2021 (GLOBE NEWSWIRE)
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Announces Renewable Natural Gas Investment
FOLSOM, NJ (February 24, 2021) – SJI (NYSE: SJI) today reported operating results for its 2020 full year and fourth quarter ended December 31, 2020. Highlights include:
2020 GAAP earnings of $1.62 per diluted share compared to $0.84 per diluted share in 2019
2020 Economic Earnings of $1.68 per diluted share compared to $1.12 per diluted share in 2019
2020 GAAP/Economic Earnings include $0.13 per diluted share in nonrecurring items adjustments for certain tax benefits ($.07), adjustments to SJG’s rate design ($.03) and pipeline supplier refunds ($.03)
Significant improvement in 2020 financial results, despite historic challenge of COVID pandemic, driven by increased profitability from Utility and Non-Utility operations
Shares of eHealth gained 6.3% and closed at $57.68 on Feb. 19 after Hudson Executive Capital (HEC) ramped up its stake in the health insurance company as the investment company believes that the stock is “undervalued.” According to a company filing, HEC bought 1.5 million outstanding shares of eHealth (EHTH), and now holds a 5.8% stake in the company. This is double the 750,501 shares of eHealth, which HEC held at the end of December last year. HEC stated, “The Reporting Persons acquired the Subject Shares in the belief that the Shares are undervalued and are an attractive investment. Certain of the Reporting Persons have had and may continue to have discussions with the Company’s management and board of directors (the “Board”) to discuss the Company’s business, strategies and corporate governance.” Meanwhile, EHTH on Feb. 18 reported disappointing 4Q earnings that missed analysts’ estimates. Revenue declined 3% to $293.3 m
19 February 2021: Borregaard ASA ("Borregaard", OSE ticker: BRG) Borregaard intends to repurchase up to 250,000 shares of its outstanding common stock. The shares will be used for employee incentive programmes. Borregaard’s Board of Directors was given authority by the shareholders at the Ordinary General Meeting held on 15 June 2020 to repurchase up to ten percent of the outstanding shares. According to the proxy, the highest price to be paid is NOK 250.00 per share. The repurchase of shares will be conducted in a period from 22nd February up to and including 31st March 2021 at the latest. The maximum daily volume to be purchased during the above-mentioned period is 44,000 shares. This limit corresponds to 25% of the average daily turnover in January 2021. All shares will be purchased in a regulated market. Borregaard has appointed Handelsbanken Capital Markets to carry out the repurchase programme according to the rules and regulations of Oslo Børs (see Circular