SJW Corp. (SJW) Trading 2.1% Higher
SJW Corp. (NYSE:SJW)’s share price was up 2.1% on Friday . The stock traded as high as $45.13 and last traded at $45.02, with a volume of 81,055 shares trading hands. The stock had previously closed at $44.08.
Separately, Zacks Investment Research raised SJW Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd.
The company’s 50 day moving average is $40.36 and its 200 day moving average is $36.99. The firm has a market capitalization of $919.89 million and a P/E ratio of 20.10.
SJW Corp. (NYSE:SJW) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.41. On average, equities analysts forecast that SJW Corp. will post $1.80 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 8th will be given a $0.2025 dividend. The ex-dividend date is Thursday, August 4th. This represents a $0.81 dividend on an annualized basis and a yield of 1.80%.
In other news, VP Palle Jensen sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $41.15, for a total transaction of $123,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A hedge fund recently raised its stake in SJW Corp. stock. Schwab Charles Investment Management Inc. increased its stake in shares of SJW Corp. (NYSE:SJW) by 3.5% during the fourth quarter, according to its most recent disclosure 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 SEC filing.
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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