Shares of SJW Corporation (NYSE:SJW) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation. SJW Corporation’s rating score has improved by 66.7% from three months ago as a result of a number of analysts’ ratings changes.

Brokerages have set a twelve-month consensus target price of $59.00 for the company and are predicting that the company will post $0.79 earnings per share for the current quarter, according to Zacks. Zacks has also given SJW Corporation an industry rank of 226 out of 265 based on the ratings given to its competitors.

A number of brokerages recently issued reports on SJW. BidaskClub upgraded SJW Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded SJW Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. 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 news, insider Palle Jensen sold 3,000 shares of the stock in a transaction dated 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 document filed with the SEC, which can be accessed through this hyperlink. 21.10% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of SJW Corporation by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 925,004 shares of the utilities provider’s stock worth $45,491,000 after acquiring an additional 14,115 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of SJW Corporation by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 696,570 shares of the utilities provider’s stock worth $33,588,000 after acquiring an additional 7,058 shares in the last quarter. Copper Rock Capital Partners LLC purchased a new stake in shares of SJW Corporation during the 2nd quarter worth about $24,048,000. Renaissance Technologies LLC boosted its stake in shares of SJW Corporation by 7.2% during the 2nd quarter. Renaissance Technologies LLC now owns 393,600 shares of the utilities provider’s stock worth $19,357,000 after acquiring an additional 26,600 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of SJW Corporation by 5.3% during the 2nd quarter. State Street Corp now owns 351,294 shares of the utilities provider’s stock worth $17,283,000 after acquiring an additional 17,598 shares in the last quarter. 47.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of SJW Corporation (SJW) opened at 56.60 on Friday. SJW Corporation has a 12-month low of $42.01 and a 12-month high of $57.50. The firm has a 50-day moving average price of $55.28 and a 200 day moving average price of $50.74. The stock has a market cap of $1.16 billion, a PE ratio of 22.02 and a beta of 0.17.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 7th were issued a $0.2175 dividend. This represents a $0.87 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, August 3rd. SJW Corporation’s payout ratio is 32.58%.

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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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