SJW Corp. (SJW) Shares Gap Up to $39.44
SJW Corp. (NYSE:SJW)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $39.36, but opened at $39.44. SJW Corp. shares last traded at $40.62, with a volume of 29,704 shares.
Separately, Zacks Investment Research raised shares of SJW Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd.
The firm has a market capitalization of $844.46 million and a P/E ratio of 18.45. The company has a 50-day moving average price of $39.82 and a 200 day moving average price of $36.62.
SJW Corp. (NYSE:SJW) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.41. On average, analysts forecast that SJW Corp. will post $1.80 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 8th will be paid a $0.2025 dividend. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $0.81 annualized dividend and a dividend yield of 1.96%.
In other news, VP Palle Jensen sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $41.15, for a total value of $123,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
SJW Corp. is a holding company. The Company has approximately five subsidiaries: San Jose Water Company, SJWTX, Inc, SJW Land Company, Texas Water Alliance Limited (TWA) and SJW Group, Inc SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). The Company operates through two segments: Water Utility Services and Real Estate Services.
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