SJW Corp. (SJW) Sees Unusually-High Trading Volume
SJW Corp. (NYSE:SJW) shares saw unusually-strong trading volume on Thursday . Approximately 117,895 shares changed 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 raised shares of SJW Corp. from a “sell” rating to a “hold” rating in a report on Thursday, June 23rd.
The stock has a market cap of $919.89 million and a PE ratio of 20.10. The firm’s 50-day moving average price is $40.55 and its 200-day moving average price is $37.08.
SJW Corp. (NYSE:SJW) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.41. Equities research analysts anticipate that SJW Corp. will post $1.80 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 8th will be issued a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, August 4th.
In other SJW Corp. news, VP Palle Jensen sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was 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 this link.
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 Form 13F filing with the SEC. 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 approximately 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.
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