Shares of SJW Corp. (NYSE:SJW) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokers have set a twelve-month consensus price objective of $49.00 for the company and are predicting that the company will post $0.65 earnings per share for the current quarter, according to Zacks. Zacks has also given SJW Corp. an industry rank of 68 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of SJW Corp. from a “hold” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a research note on Wednesday, November 2nd.
Shares of SJW Corp. (NYSE:SJW) traded up 1.96% during midday trading on Monday, hitting $55.76. 51,454 shares of the stock traded hands. SJW Corp. has a 52 week low of $27.60 and a 52 week high of $56.04. The company’s 50-day moving average is $47.90 and its 200 day moving average is $41.62. The firm has a market capitalization of $1.14 billion, a PE ratio of 20.74 and a beta of 0.21.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be paid a dividend of $0.2025 per share. This represents a $0.81 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, November 3rd. SJW Corp.’s payout ratio is currently 30.11%.
In related news, VP Palle Jensen sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $42.08, for a total transaction of $210,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 22.50% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of SJW Corp. by 77.6% in the second quarter. Victory Capital Management Inc. now owns 2,843 shares of the company’s stock valued at $112,000 after buying an additional 1,242 shares in the last quarter. Mercer Capital Advisers Inc. purchased a new position in shares of SJW Corp. during the second quarter valued at about $118,000. Capital Insight Partners LLC purchased a new position in shares of SJW Corp. during the third quarter valued at about $219,000. SG Americas Securities LLC purchased a new position in shares of SJW Corp. during the third quarter valued at about $241,000. Finally, Eqis Capital Management Inc. increased its position in shares of SJW Corp. by 14.4% in the second quarter. Eqis Capital Management Inc. now owns 7,749 shares of the company’s stock valued at $305,000 after buying an additional 978 shares in the last quarter. Hedge funds and other institutional investors own 46.13% of the company’s stock.
SJW Corp. Company Profile
SJW Corp. is a holding company. The Company has approximately five subsidiaries: San Jose Water Company, SJWTX, Inc, SJW Land Company, Texas Water Alliance Limited (TWA) and SJW Group, Inc SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). The Company operates through two segments: Water Utility Services and Real Estate Services.