SJW Corp. (SJW) Trading Down 1.3%
SJW Corp. (NYSE:SJW)’s share price traded down 1.3% on Monday . The company traded as low as $44.01 and last traded at $44.40, with a volume of 51,390 shares. The stock had previously closed at $45.00.
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 $901.49 million and a P/E ratio of 19.70. The company has a 50-day moving average price of $40.70 and a 200-day moving average price of $37.21.
SJW Corp. (NYSE:SJW) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.41. Analysts anticipate that SJW Corp. will post $1.80 earnings per share for the current year.
The firm 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 dividend of $0.2025 per share. 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 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.
An institutional investor recently raised its position in SJW Corp. stock. Schwab Charles Investment Management Inc. boosted its position in SJW Corp. (NYSE:SJW) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 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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