SJW Corporation (SJW) Downgraded by BidaskClub to Sell
BidaskClub cut shares of SJW Corporation (NYSE:SJW) from a hold rating to a sell rating in a research report report published on Thursday, July 13th.
Separately, Zacks Investment Research lowered SJW Corporation from a buy rating to a hold rating in a report on Wednesday, April 26th.
Shares of SJW Corporation (NYSE SJW) opened at 55.17 on Thursday. The firm has a market cap of $1.13 billion, a P/E ratio of 20.67 and a beta of 0.18. The firm has a 50-day moving average price of $50.70 and a 200-day moving average price of $49.40. SJW Corporation has a 12-month low of $38.36 and a 12-month high of $56.93.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be issued a $0.2175 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.58%. SJW Corporation’s dividend payout ratio (DPR) is 32.58%.
Hedge funds have recently modified their holdings of the stock. State Street Corp raised its stake in shares of 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 valued at about $5,264,000. AQR Capital Management LLC raised its stake in SJW Corporation by 13.0% in the fourth quarter. AQR Capital Management LLC now owns 120,934 shares of the utilities provider’s stock valued at $6,770,000 after buying an additional 13,896 shares during the last quarter. Capital Fund Management S.A. bought a new stake in SJW Corporation during the first quarter valued at about $318,000. Finally, Prudential Financial Inc. raised its stake in SJW Corporation by 58.4% in the first quarter. Prudential Financial Inc. now owns 98,638 shares of the utilities provider’s stock valued at $4,756,000 after buying an additional 36,370 shares during the last quarter. Institutional investors own 48.36% of the company’s stock.
About SJW Corporation
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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