SJW Corporation (NYSE:SJW) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Monday.
Separately, Zacks Investment Research raised shares of SJW Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th.
Shares of SJW Corporation (NYSE:SJW) opened at 50.74 on Monday. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 19.61 and a beta of 0.16. The company’s 50-day moving average is $50.49 and its 200 day moving average is $49.26. SJW Corporation has a 1-year low of $38.36 and a 1-year high of $56.93.
SJW Corporation (NYSE:SJW) last released its earnings results on Wednesday, April 26th. The utilities provider reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.04. The company had revenue of $69.05 million during the quarter, compared to the consensus estimate of $64 million. SJW Corporation had a return on equity of 12.10% and a net margin of 15.28%. On average, analysts expect that SJW Corporation will post $2.14 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in SJW. State Street Corp increased its stake in shares of SJW Corporation by 5.8% in the fourth quarter. State Street Corp now owns 331,882 shares of the utilities provider’s stock worth $18,583,000 after buying an additional 18,270 shares in the last quarter. Norges Bank acquired a new stake in shares of SJW Corporation during the fourth quarter worth $5,264,000. Capital Fund Management S.A. acquired a new stake in shares of SJW Corporation during the first quarter worth $318,000. Prudential Financial Inc. increased its stake in shares of 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 in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of 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 in the last quarter. 48.02% of the stock is owned by institutional investors and hedge funds.
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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