SJW Corp. (SJW) Sees Unusually-High Trading Volume
SJW Corp. (NYSE:SJW) shares saw strong trading volume on Friday . 66,085 shares changed hands during mid-day trading, an increase of 10% from the previous session’s volume of 60,291 shares.The stock last traded at $41.24 and had previously closed at $41.31.
Separately, Zacks Investment Research upgraded shares of SJW Corp. from a “sell” rating to a “hold” rating in a report on Thursday, June 23rd.
The firm’s 50 day moving average is $39.89 and its 200-day moving average is $36.68. The stock has a market capitalization of $853.66 million and a price-to-earnings ratio of 18.65.
SJW Corp. (NYSE:SJW) last issued its earnings results on Wednesday, July 27th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.41. Equities analysts forecast that SJW Corp. will post $1.80 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders 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 1.94%. The ex-dividend date is Thursday, August 4th.
In other news, VP Palle Jensen sold 3,000 shares of SJW Corp. stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $41.15, for a total value of $123,450.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
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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