Shares of SJW Corporation (NYSE:SJW) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price target of $68.00 for the company and are anticipating that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also assigned SJW Corporation an industry rank of 123 out of 265 based on the ratings given to its competitors.
Several brokerages recently weighed in on SJW. Zacks Investment Research raised SJW Corporation from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Tuesday. BidaskClub lowered SJW Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Janney Montgomery Scott raised SJW Corporation from a “neutral” rating to a “buy” rating in a research report on Friday, July 28th.
In other SJW Corporation news, insider Palle Jensen sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $55.14, for a total value of $165,420.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 21.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in SJW. Copper Rock Capital Partners LLC purchased a new position in SJW Corporation in the second quarter valued at about $24,048,000. Kennedy Capital Management Inc. purchased a new position in SJW Corporation in the second quarter valued at about $6,183,000. Victory Capital Management Inc. raised its position in SJW Corporation by 2,209.3% in the third quarter. Victory Capital Management Inc. now owns 74,152 shares of the utilities provider’s stock valued at $4,197,000 after purchasing an additional 70,941 shares during the period. Renaissance Technologies LLC raised its position in SJW Corporation by 17.0% in the first quarter. Renaissance Technologies LLC now owns 367,000 shares of the utilities provider’s stock valued at $17,697,000 after purchasing an additional 53,300 shares during the period. Finally, First Manhattan Co. raised its position in SJW Corporation by 19.4% in the second quarter. First Manhattan Co. now owns 302,690 shares of the utilities provider’s stock valued at $14,886,000 after purchasing an additional 49,150 shares during the period. 45.03% of the stock is currently owned by institutional investors.
Shares of SJW Corporation (SJW) traded up $1.89 during trading on Wednesday, hitting $61.69. 85,343 shares of the company traded hands, compared to its average volume of 78,195. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.04 and a current ratio of 0.93. The company has a market capitalization of $1,257.72, a P/E ratio of 24.81 and a beta of 0.12.
SJW Corporation (NYSE:SJW) last issued its earnings results on Wednesday, October 25th. The utilities provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.15. The business had revenue of $124.58 million for the quarter, compared to analyst estimates of $107.00 million. SJW Corporation had a return on equity of 11.81% and a net margin of 14.83%. 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. Shareholders of record on Monday, November 6th will be given a $0.218 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This is a positive change from SJW Corporation’s previous quarterly dividend of $0.19. This represents a $0.87 annualized dividend and a yield of 1.41%. SJW Corporation’s dividend payout ratio (DPR) is 32.34%.
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.
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