Insider Selling: SJW Corporation (SJW) Insider Sells $165,420.00 in Stock
SJW Corporation (NYSE:SJW) insider Palle Jensen sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $55.14, for a total transaction of $165,420.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of SJW Corporation (NYSE SJW) opened at 54.80 on Thursday. SJW Corporation has a 12-month low of $39.69 and a 12-month high of $56.93. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 20.53 and a beta of 0.18. The company’s 50-day moving average is $51.67 and its 200-day moving average is $49.69.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be given a dividend of $0.2175 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.87 annualized dividend and a dividend yield of 1.59%. SJW Corporation’s dividend payout ratio (DPR) is 32.58%.
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Hedge funds have recently added to or reduced their stakes in the stock. Cutler Group LP increased its stake in SJW Corporation by 136.9% in the second quarter. Cutler Group LP now owns 2,395 shares of the utilities provider’s stock valued at $117,000 after buying an additional 8,891 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of SJW Corporation by 352.5% in the second quarter. BNP Paribas Arbitrage SA now owns 2,647 shares of the utilities provider’s stock worth $130,000 after buying an additional 2,062 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of SJW Corporation by 5.6% in the first quarter. Victory Capital Management Inc. now owns 2,729 shares of the utilities provider’s stock worth $132,000 after buying an additional 145 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of SJW Corporation by 1,521.7% in the second quarter. Meeder Asset Management Inc. now owns 2,984 shares of the utilities provider’s stock worth $146,000 after buying an additional 2,800 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of SJW Corporation during the second quarter worth $179,000. Hedge funds and other institutional investors own 48.29% of the company’s stock.
A number of research firms recently commented on SJW. Zacks Investment Research upgraded shares of SJW Corporation from a “hold” rating to a “strong-buy” rating and set a $61.00 price target for the company in a report on Wednesday, August 2nd. BidaskClub lowered shares of SJW Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Janney Montgomery Scott upgraded shares of SJW Corporation from a “neutral” rating to a “buy” rating in a report on Friday, July 28th.
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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