Schroder Investment Management Group Maintains Holdings in SJW Corporation (SJW)
Schroder Investment Management Group maintained its stake in shares of SJW Corporation (NYSE:SJW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,522 shares of the utilities provider’s stock at the end of the 2nd quarter. Schroder Investment Management Group owned about 0.75% of SJW Corporation worth $7,661,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Kennedy Capital Management Inc. bought a new stake in SJW Corporation during the second quarter worth approximately $6,183,000. Principal Financial Group Inc. increased its stake in SJW Corporation by 1.2% during the second quarter. Principal Financial Group Inc. now owns 4,220 shares of the utilities provider’s stock worth $208,000 after acquiring an additional 49 shares during the last quarter. IndexIQ Advisors LLC bought a new stake in SJW Corporation during the second quarter worth approximately $483,000. Prudential Financial Inc. increased its stake in SJW Corporation by 8.1% during the second quarter. Prudential Financial Inc. now owns 106,591 shares of the utilities provider’s stock worth $5,242,000 after acquiring an additional 7,953 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in SJW Corporation by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,211 shares of the utilities provider’s stock worth $158,000 after acquiring an additional 482 shares during the last quarter. 47.54% of the stock is currently owned by institutional investors.
In other SJW Corporation news, insider Palle Jensen sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $55.14, for a total value of $165,420.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 21.10% of the company’s stock.
Shares of SJW Corporation (NYSE SJW) opened at 56.34 on Monday. SJW Corporation has a 52 week low of $41.59 and a 52 week high of $57.20. The company has a market capitalization of $1.16 billion, a PE ratio of 21.11 and a beta of 0.17. The firm’s 50-day moving average price is $55.09 and its 200 day moving average price is $50.61.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 7th were paid a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, August 3rd. SJW Corporation’s dividend payout ratio (DPR) is 32.58%.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised SJW Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. BidaskClub cut SJW Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Janney Montgomery Scott raised SJW Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, July 28th.
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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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