SJW Corp. (SJW) Sees Large Volume Increase
SJW Corp. (NYSE:SJW) shares saw an uptick in trading volume on Thursday . 117,895 shares traded hands during mid-day trading, an increase of 70% from the previous session’s volume of 69,439 shares.The stock last traded at $44.08 and had previously closed at $43.23.
Separately, Zacks Investment Research upgraded SJW Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd.
The company has a market cap of $901.08 million and a price-to-earnings ratio of 19.69. The stock’s 50 day moving average is $40.36 and its 200 day moving average is $36.99.
SJW Corp. (NYSE:SJW) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.41. Analysts anticipate that SJW Corp. will post $1.80 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 8th will be issued a $0.2025 dividend. This represents a $0.81 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, August 4th.
In other SJW Corp. news, VP Palle Jensen sold 3,000 shares of SJW Corp. stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $41.15, for a total transaction of $123,450.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
An institutional investor recently raised its position in SJW Corp. stock. Schwab Charles Investment Management Inc. raised its stake in shares of SJW Corp. (NYSE:SJW) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,123 shares of the company’s stock after buying an additional 1,981 shares during the period. Schwab Charles Investment Management Inc. owned about 0.29% of SJW Corp. worth $1,753,000 as of its most recent filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.