Bessemer Group Inc. Holds Position in SJW Corporation (SJW)

Bessemer Group Inc. continued to hold its stake in shares of SJW Corporation (NYSE:SJW) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 33,900 shares of the utilities provider’s stock at the end of the second quarter. Bessemer Group Inc.’s holdings in SJW Corporation were worth $1,667,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of SJW Corporation by 5.6% in the first quarter. Victory Capital Management Inc. now owns 2,729 shares of the utilities provider’s stock worth $132,000 after buying an additional 145 shares in the last quarter. Menta Capital LLC increased its stake in shares of SJW Corporation by 7.9% in the first quarter. Menta Capital LLC now owns 6,041 shares of the utilities provider’s stock worth $291,000 after buying an additional 441 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of SJW Corporation by 1.8% in the first quarter. Teachers Advisors LLC now owns 27,614 shares of the utilities provider’s stock worth $1,332,000 after buying an additional 490 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in shares of SJW Corporation by 6.3% in the first quarter. Tudor Investment Corp ET AL now owns 9,497 shares of the utilities provider’s stock worth $458,000 after buying an additional 566 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its stake in shares of SJW Corporation by 8.3% in the first quarter. Eqis Capital Management Inc. now owns 8,094 shares of the utilities provider’s stock worth $390,000 after buying an additional 617 shares in the last quarter. Institutional investors and hedge funds own 48.36% of the company’s stock.

Shares of SJW Corporation (NYSE SJW) opened at 54.57 on Friday. The firm has a market cap of $1.12 billion, a P/E ratio of 20.45 and a beta of 0.18. SJW Corporation has a one year low of $38.36 and a one year high of $56.93. The stock’s 50 day moving average is $51.24 and its 200-day moving average is $49.61.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be paid a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, August 3rd. SJW Corporation’s payout ratio is 32.58%.

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A number of brokerages have recently issued reports on SJW. BidaskClub upgraded shares of SJW Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded shares of SJW Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Janney Montgomery Scott upgraded shares of SJW Corporation from a “neutral” rating to a “buy” rating in a report on Friday, July 28th.

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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Institutional Ownership by Quarter for SJW Corporation (NYSE:SJW)

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