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SJW Corporation (SJW) Downgraded by BidaskClub
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A number of other research firms have also commented on SJW. Zacks Investment Research lowered shares of SJW Corporation from a buy rating to a hold rating in a report on Wednesday, April 26th. Janney Montgomery Scott upgraded shares of SJW Corporation from a neutral rating to a buy rating in a report on Friday, July 28th.
SJW Corporation (NYSE:SJW) traded up 1.22% during midday trading on Monday, reaching $54.67. 29,552 shares of the company’s stock were exchanged. SJW Corporation has a 12-month low of $38.36 and a 12-month high of $56.93. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 20.48 and a beta of 0.17. The firm has a 50-day moving average price of $50.53 and a 200 day moving average price of $49.29.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be given a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Thursday, August 3rd. SJW Corporation’s payout ratio is currently 32.58%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of SJW Corporation during the fourth quarter worth about $5,264,000. State Street Corp increased its position 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 during the last quarter. Capital Fund Management S.A. bought a new position in shares of SJW Corporation during the first quarter worth about $318,000. Prudential Financial Inc. increased its position 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 during the last quarter. Finally, Teachers Advisors LLC increased its position 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 during the last quarter. 48.09% of the stock is currently 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.