Brokerages Set $59.00 Price Target for SJW Corporation (NYSE:SJW)
Shares of SJW Corporation (NYSE:SJW) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. SJW Corporation’s rating score has improved by 66.7% in the last 90 days as a result of various analysts’ ratings changes.
Analysts have set a 12 month consensus target price of $59.00 for the company and are anticipating that the company will post $0.79 EPS for the current quarter, according to Zacks. Zacks has also assigned SJW Corporation an industry rank of 120 out of 265 based on the ratings given to its competitors.
A number of equities analysts have recently weighed in on SJW shares. Zacks Investment Research cut shares of SJW Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Janney Montgomery Scott raised shares of SJW Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, July 28th. Finally, BidaskClub cut shares of SJW Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st.
Institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in SJW Corporation during the fourth quarter worth $5,264,000. Capital Fund Management S.A. bought a new position in SJW Corporation during the first quarter worth $318,000. Prudential Financial Inc. boosted its position in SJW Corporation by 58.4% in the first quarter. Prudential Financial Inc. now owns 98,638 shares of the utilities provider’s stock worth $4,756,000 after buying an additional 36,370 shares during the period. Teachers Advisors LLC boosted its position in SJW Corporation by 3.4% in the fourth quarter. Teachers Advisors LLC now owns 27,124 shares of the utilities provider’s stock worth $1,518,000 after buying an additional 902 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its position in SJW Corporation by 73.0% in the first quarter. Virginia Retirement Systems ET AL now owns 21,800 shares of the utilities provider’s stock worth $1,051,000 after buying an additional 9,200 shares during the period. 48.36% of the stock is currently owned by institutional investors and hedge funds.
SJW Corporation (NYSE SJW) opened at 55.17 on Wednesday. SJW Corporation has a 12-month low of $38.36 and a 12-month high of $56.93. The firm’s 50-day moving average is $50.70 and its 200 day moving average is $49.40. The stock has a market capitalization of $1.13 billion, a P/E ratio of 20.67 and a beta of 0.18.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be paid a dividend of $0.2175 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.58%. SJW Corporation’s dividend payout ratio (DPR) is presently 32.58%.
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About SJW Corporation
SJW Group, formerly SJW Corp., is a holding company. The Company’s subsidiaries include San Jose Water Company, SJWTX, Inc, SJW Land Company and Texas Water Alliance Limited (TWA). SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). It operates through the segments, which include Water Utility Services, Real Estate Services and All Other.
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