New York State Common Retirement Fund Has $1.01 Million Stake in SJW Corporation (SJW)

New York State Common Retirement Fund raised its stake in SJW Corporation (NYSE:SJW) by 17.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,615 shares of the utilities provider’s stock after acquiring an additional 3,114 shares during the quarter. New York State Common Retirement Fund owned approximately 0.10% of SJW Corporation worth $1,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of SJW Corporation by 1.2% in the second quarter. Principal Financial Group Inc. now owns 4,220 shares of the utilities provider’s stock worth $208,000 after acquiring an additional 49 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of SJW Corporation by 4.2% in the second quarter. Advisors Asset Management Inc. now owns 3,965 shares of the utilities provider’s stock worth $195,000 after acquiring an additional 161 shares during the last quarter. Victory Capital Management Inc. raised its holdings 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 acquiring an additional 482 shares during the last quarter. Teachers Advisors LLC raised its holdings 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 acquiring an additional 490 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings 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 acquiring an additional 566 shares during the last quarter. 45.03% of the stock is owned by institutional investors.

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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 transaction of $165,420.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 21.10% of the company’s stock.

Several equities analysts recently commented on SJW shares. Janney Montgomery Scott upgraded SJW Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded SJW Corporation from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Tuesday. Finally, BidaskClub upgraded SJW Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th.

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

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 6th will be given a dividend of $0.218 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 32.34%.

SJW Corporation 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.

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

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