SJW Corporation (SJW) Holdings Lowered by Axa
Axa trimmed its stake in shares of SJW Corporation (NYSE:SJW) by 28.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,390 shares of the utilities provider’s stock after selling 12,642 shares during the quarter. Axa owned about 0.16% of SJW Corporation worth $1,593,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Copper Rock Capital Partners LLC bought a new stake in shares of SJW Corporation in the 2nd quarter worth approximately $24,048,000. Kennedy Capital Management Inc. bought a new stake in shares of SJW Corporation in the 2nd quarter worth approximately $6,183,000. Parametric Portfolio Associates LLC raised its holdings in shares of SJW Corporation by 142.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 146,402 shares of the utilities provider’s stock worth $7,060,000 after purchasing an additional 86,078 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of SJW Corporation by 17.0% in the 1st quarter. Renaissance Technologies LLC now owns 367,000 shares of the utilities provider’s stock worth $17,697,000 after purchasing an additional 53,300 shares in the last quarter. Finally, First Manhattan Co. raised its holdings in shares of SJW Corporation by 19.4% in the 2nd quarter. First Manhattan Co. now owns 302,690 shares of the utilities provider’s stock worth $14,886,000 after purchasing an additional 49,150 shares in the last quarter. Institutional investors own 47.54% of the company’s stock.
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In other news, insider Palle Jensen sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $55.14, for a total value of $165,420.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 21.10% of the stock is currently owned by company insiders.
A number of analysts recently commented on SJW shares. Zacks Investment Research upgraded shares of SJW Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. BidaskClub downgraded shares of SJW Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Finally, Janney Montgomery Scott upgraded shares of SJW Corporation from a “neutral” rating to a “buy” rating in a report on Friday, July 28th.
Shares of SJW Corporation (SJW) opened at 56.10 on Friday. The company has a 50 day moving average of $55.28 and a 200-day moving average of $50.74. The company has a market capitalization of $1.15 billion, a P/E ratio of 21.02 and a beta of 0.17. SJW Corporation has a 12-month low of $42.01 and a 12-month high of $57.50.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 7th were paid a $0.2175 dividend. This represents a $0.87 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Thursday, August 3rd. SJW Corporation’s dividend payout ratio (DPR) is presently 32.58%.
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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