SJW Corporation (SJW) Position Maintained by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio continued to hold its stake in SJW Corporation (NYSE:SJW) during the first quarter, Holdings Channel reports. The firm owned 3,482 shares of the utilities provider’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in SJW Corporation were worth $168,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in SJW Corporation during the fourth quarter valued at about $448,000. Norges Bank purchased a new stake in SJW Corporation during the fourth quarter valued at about $5,264,000. Teachers Advisors LLC raised its stake in SJW Corporation by 3.4% in the fourth quarter. Teachers Advisors LLC now owns 27,124 shares of the utilities provider’s stock valued at $1,518,000 after buying an additional 902 shares during the last quarter. Quotient Investors LLC purchased a new stake in SJW Corporation during the first quarter valued at about $415,000. Finally, James Investment Research Inc. raised its stake in SJW Corporation by 51.3% in the first quarter. James Investment Research Inc. now owns 92,491 shares of the utilities provider’s stock valued at $4,460,000 after buying an additional 31,341 shares during the last quarter. 48.36% of the stock is currently owned by institutional investors and hedge funds.
SJW Corporation (NYSE:SJW) traded down 1.11% on Friday, hitting $54.33. 35,540 shares of the company traded hands. SJW Corporation has a 12 month low of $38.36 and a 12 month high of $56.93. The stock has a market cap of $1.11 billion, a PE ratio of 20.36 and a beta of 0.18. The stock’s 50-day moving average is $51.13 and its 200 day moving average is $49.57.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be issued a $0.2175 dividend. This represents a $0.87 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, August 3rd. SJW Corporation’s dividend payout ratio (DPR) is presently 32.58%.
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SJW has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of SJW Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. BidaskClub upgraded shares of SJW Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Janney Montgomery Scott upgraded shares of SJW Corporation from a “neutral” rating to a “buy” rating in a research report on Friday, July 28th.
SJW Corporation Company Profile
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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