SJW Corporation (NYSE:SJW) Upgraded to “Buy” by Janney Montgomery Scott
Janney Montgomery Scott upgraded shares of SJW Corporation (NYSE:SJW) from a neutral rating to a buy rating in a report released on Friday morning, MarketBeat Ratings reports.
Several other equities analysts have also issued reports on the stock. BidaskClub upgraded shares of SJW Corporation from a sell rating to a hold rating in a report on Monday, July 24th. Zacks Investment Research raised shares of SJW Corporation from a sell rating to a hold rating in a research report on Thursday, June 29th.
Shares of SJW Corporation (SJW) opened at 52.87 on Friday. SJW Corporation has a one year low of $38.36 and a one year high of $56.93. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 19.81 and a beta of 0.16. The firm’s 50-day moving average price is $50.43 and its 200-day moving average price is $49.26.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be given a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Thursday, August 3rd. SJW Corporation’s dividend payout ratio (DPR) is currently 32.58%.
Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in SJW Corporation during the fourth quarter worth approximately $448,000. State Street Corp increased its stake in SJW Corporation by 5.8% in the fourth quarter. State Street Corp now owns 331,882 shares of the utilities provider’s stock worth $18,583,000 after buying an additional 18,270 shares during the period. Norges Bank bought a new stake in SJW Corporation during the fourth quarter worth approximately $5,264,000. Teachers Advisors LLC increased its stake in SJW Corporation by 3.4% in the fourth quarter. Teachers Advisors LLC now owns 27,124 shares of the utilities provider’s stock worth $1,518,000 after buying an additional 902 shares during the period. Finally, Quotient Investors LLC bought a new stake in SJW Corporation during the first quarter worth approximately $415,000. 48.09% of the stock is owned by institutional investors.
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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