Prudential Financial Inc. grew its position in shares of SJW Corporation (NYSE:SJW) by 16.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,878 shares of the utilities provider’s stock after buying an additional 17,287 shares during the quarter. Prudential Financial Inc. owned 0.60% of SJW worth $7,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of SJW by 1.2% in the 2nd quarter. Principal Financial Group Inc. now owns 4,220 shares of the utilities provider’s stock worth $208,000 after purchasing an additional 49 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of SJW by 4.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,965 shares of the utilities provider’s stock worth $195,000 after purchasing an additional 161 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of SJW by 3.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 10,799 shares of the utilities provider’s stock worth $531,000 after purchasing an additional 400 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of SJW by 17.7% in the 2nd 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 in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of SJW by 1.8% in the 1st 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 in the last quarter. 45.58% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on SJW shares. BidaskClub lowered SJW from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded SJW from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective for the company in a research note on Wednesday, August 2nd.
Shares of SJW Corporation (SJW) traded down $0.05 during mid-day trading on Friday, reaching $66.20. The company’s stock had a trading volume of 17,668 shares, compared to its average volume of 77,033. SJW Corporation has a 1-year low of $45.39 and a 1-year high of $67.73. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $1,358.49, a price-to-earnings ratio of 26.80 and a beta of 0.12.
SJW (NYSE:SJW) last issued its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.15. SJW had a return on equity of 11.81% and a net margin of 14.83%. The business had revenue of $124.58 million during the quarter, compared to analyst estimates of $107.00 million. equities analysts anticipate that SJW Corporation will post 2.48 earnings per share for the current fiscal year.
The business also recently disclosed a special dividend, which will be paid on Monday, December 11th. Shareholders of record on Wednesday, November 29th will be issued a dividend of $0.17 per share. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, November 28th. SJW’s dividend payout ratio (DPR) is presently 32.34%.
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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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