Geode Capital Management LLC increased its position in shares of SJW Corporation (NYSE:SJW) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,377 shares of the utilities provider’s stock after buying an additional 3,278 shares during the period. Geode Capital Management LLC owned 0.62% of SJW Corporation worth $6,142,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in SJW. Eqis Capital Management Inc. raised its position in 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 during the last quarter. Wedge Capital Management L L P NC bought a new position in SJW Corporation during the first quarter worth $278,000. Bowling Portfolio Management LLC acquired a new position in shares of SJW Corporation during the first quarter valued at $340,000. Russell Investments Group Ltd. raised its position in shares of SJW Corporation by 90.5% in the first quarter. Russell Investments Group Ltd. now owns 15,136 shares of the utilities provider’s stock valued at $729,000 after buying an additional 7,191 shares in the last quarter. Finally, Strs Ohio raised its position in shares of SJW Corporation by 4.5% in the first quarter. Strs Ohio now owns 16,300 shares of the utilities provider’s stock valued at $785,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 48.29% of the company’s stock.
SJW Corporation (NYSE SJW) traded up 0.58% during mid-day trading on Friday, hitting $53.82. The stock had a trading volume of 49,873 shares. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 20.16 and a beta of 0.18. The company has a 50 day moving average price of $51.89 and a 200-day moving average price of $49.75. SJW Corporation has a one year low of $41.03 and a one year high of $56.93.
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Several research firms have commented on SJW. BidaskClub upgraded SJW Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded SJW Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Janney Montgomery Scott upgraded SJW Corporation from a “neutral” rating to a “buy” rating in a report on Friday, July 28th.
In other news, insider Palle Jensen sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $55.14, for a total value of $165,420.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.10% of the stock is currently owned by insiders.
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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