Macquarie Group Ltd. Reduces Stake in SJW Corporation (SJW)

Macquarie Group Ltd. lowered its position in shares of SJW Corporation (NYSE:SJW) by 64.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,200 shares of the utilities provider’s stock after selling 4,000 shares during the quarter. Macquarie Group Ltd.’s holdings in SJW Corporation were worth $108,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of SJW Corporation by 1.2% during the second quarter. Principal Financial Group Inc. now owns 4,220 shares of the utilities provider’s stock worth $208,000 after buying an additional 49 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of SJW Corporation by 4.2% during the second quarter. Advisors Asset Management Inc. now owns 3,965 shares of the utilities provider’s stock worth $195,000 after buying an additional 161 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of SJW Corporation by 3.8% during the second quarter. UBS Asset Management Americas Inc. now owns 10,799 shares of the utilities provider’s stock worth $531,000 after buying an additional 400 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of SJW Corporation by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,211 shares of the utilities provider’s stock worth $158,000 after purchasing an additional 482 shares during the period. Finally, Teachers Advisors LLC increased its position 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 purchasing an additional 490 shares during the period. 45.03% of the stock is owned by institutional investors.

SJW Corporation (NYSE:SJW) opened at $61.69 on Friday. The stock has a market cap of $1,257.72, a PE ratio of 24.81 and a beta of 0.12. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 1.04.

SJW Corporation (NYSE:SJW) last released its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.15. The company had revenue of $124.58 million for the quarter, compared to the consensus estimate of $107.00 million. SJW Corporation had a net margin of 14.83% and a return on equity of 11.81%. equities analysts expect that SJW Corporation will post 2.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 6th will be paid a $0.218 dividend. The ex-dividend date is Friday, November 3rd. This represents a $0.87 annualized dividend and a dividend yield of 1.41%. This is a boost from SJW Corporation’s previous quarterly dividend of $0.19. SJW Corporation’s payout ratio is currently 32.34%.

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In other news, insider Palle Jensen sold 3,000 shares of SJW Corporation stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $55.14, for a total value of $165,420.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 21.10% of the company’s stock.

SJW has been the topic of a number of recent analyst reports. Janney Montgomery Scott upgraded SJW Corporation from a “neutral” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research cut SJW Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th. Finally, BidaskClub cut SJW Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st.

SJW Corporation Company Profile

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.

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

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