Shares of SJW Corp. (NYSE:SJW) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Analysts have set a twelve-month consensus target price of $40.00 for the company and are expecting that the company will post $0.45 earnings per share for the current quarter, according to Zacks. Zacks has also given SJW Corp. an industry rank of 185 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of SJW Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd.
SJW Corp. (NYSE:SJW) opened at 45.16 on Wednesday. SJW Corp. has a 1-year low of $27.60 and a 1-year high of $46.73. The firm has a market cap of $923.16 million, a P/E ratio of 20.17 and a beta of 0.41. The firm has a 50-day moving average of $42.38 and a 200 day moving average of $38.18.
SJW Corp. (NYSE:SJW) last issued its earnings results on Wednesday, July 27th. The company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.41. SJW Corp. had a net margin of 14.40% and a return on equity of 11.12%. On average, analysts predict that SJW Corp. will post $1.80 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 8th were paid a dividend of $0.2025 per share. This represents a $0.81 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, August 4th. SJW Corp.’s dividend payout ratio (DPR) is 36.32%.
In related news, VP Palle Jensen sold 5,000 shares of SJW Corp. stock in a transaction on 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 filing with the SEC, which is available at the SEC website. Corporate insiders own 22.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. AXA increased its stake in SJW Corp. by 1,884.0% in the first quarter. AXA now owns 45,632 shares of the company’s stock valued at $1,659,000 after buying an additional 43,332 shares during the period. UBS Group AG increased its stake in SJW Corp. by 3.5% in the first quarter. UBS Group AG now owns 50,365 shares of the company’s stock valued at $1,831,000 after buying an additional 1,709 shares during the last quarter. State Street Corp increased its stake in SJW Corp. by 1.3% in the first quarter. State Street Corp now owns 307,708 shares of the company’s stock valued at $11,187,000 after buying an additional 3,880 shares during the last quarter. Zebra Capital Management LLC bought a new stake in SJW Corp. during the first quarter valued at $951,000. Finally, Spark Investment Management LLC bought a new stake in SJW Corp. during the first quarter valued at $963,000. 45.15% of the stock is currently owned by hedge funds and other institutional investors.
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.
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