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

Separately, Zacks Investment Research downgraded shares of SJW Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 26th.

The company has a market cap of $835.59 million and a P/E ratio of 23.00. The company has a 50 day moving average price of $37.94 and a 200-day moving average price of $35.24.

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

A hedge fund recently raised its stake in SJW Corp. stock. First Trust Advisors LP raised its stake 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 fund owned 82,128 shares of the company’s stock after buying an additional 24,106 shares during the period. First Trust Advisors LP owned about 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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