SJW Corp. (SJW) Trading 2.1% Higher
SJW Corp. (NYSE:SJW) shares shot up 2.1% during trading on Friday . The stock traded as high as $45.13 and last traded at $45.02, with a volume of 81,055 shares traded. The stock had previously closed at $44.08.
Separately, Zacks Investment Research upgraded shares of SJW Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd.
The stock has a market capitalization of $919.89 million and a PE ratio of 20.10. The company has a 50-day moving average of $40.55 and a 200-day moving average of $37.08.
SJW Corp. (NYSE:SJW) last released its quarterly earnings data 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. Equities research analysts forecast that SJW Corp. will post $1.80 earnings per share for the current 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 paid a dividend of $0.2025 per share. This represents a $0.81 annualized dividend 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 stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $41.15, for a total transaction of $123,450.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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 disclosure with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.
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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