SJW Corp. (NYSE:SJW)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $39.72 and last traded at $39.35, with a volume of 20,569 shares. The stock had previously closed at $39.45.

Separately, Zacks Investment Research upgraded SJW Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd.

The stock has a market capitalization of $806.58 million and a price-to-earnings ratio of 22.20. The company’s 50-day moving average price is $37.63 and its 200 day moving average price is $35.13.

SJW Corp. (NYSE:SJW) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.05. Equities analysts expect that SJW Corp. will post $1.57 EPS for the current fiscal year.

A hedge fund recently raised its stake in SJW Corp. stock. First Trust Advisors LP increased its position in shares of SJW Corp. (NYSE:SJW) by 41.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,128 shares of the company’s stock after buying an additional 24,106 shares during the period. First Trust Advisors LP owned approximately 0.40% of SJW Corp. worth $2,435,000 at the end of the most recent quarter.

SJW Corp. is a holding company. The Company has four subsidiaries: San Jose Water Company, SJWTX, Inc, SJW Land Company and Texas Water Alliance Limited (TWA). The Company has two business segments Water Utility Services and Real Estate Services. Water Utility Services is engaged in the business of production purchase storage purification distribution wholesale and retail sale of water through its subsidiaries San Jose Water Company, SJWTX, Inc and Texas Water Alliance.

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