Swiss National Bank held its position in SJW Corporation (NYSE:SJW) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,700 shares of the utilities provider’s stock at the end of the 2nd quarter. Swiss National Bank owned 0.13% of SJW Corporation worth $1,264,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in SJW Corporation by 1.2% during the 2nd quarter. Principal Financial Group Inc. now owns 4,220 shares of the utilities provider’s stock valued at $208,000 after purchasing an additional 49 shares in the last quarter. IndexIQ Advisors LLC acquired a new stake in SJW Corporation during the 2nd quarter valued at $483,000. Prudential Financial Inc. increased its holdings in SJW Corporation by 8.1% during the 2nd quarter. Prudential Financial Inc. now owns 106,591 shares of the utilities provider’s stock valued at $5,242,000 after purchasing an additional 7,953 shares in the last quarter. Victory Capital Management Inc. increased its holdings in SJW Corporation by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,211 shares of the utilities provider’s stock valued at $158,000 after purchasing an additional 482 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in SJW Corporation by 352.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,647 shares of the utilities provider’s stock valued at $130,000 after purchasing an additional 2,062 shares in the last quarter. 47.54% of the stock is owned by hedge funds and other institutional investors.
Shares of SJW Corporation (NYSE:SJW) opened at 61.30 on Friday. The stock has a 50 day moving average price of $56.95 and a 200 day moving average price of $52.00. The firm has a market capitalization of $1.26 billion, a PE ratio of 23.85 and a beta of 0.15. SJW Corporation has a 1-year low of $42.59 and a 1-year high of $61.77.
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In other news, insider Palle Jensen sold 3,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were 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 can be accessed through the SEC website. 21.10% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut SJW Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 28th. BidaskClub cut SJW Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Janney Montgomery Scott raised SJW Corporation from a “neutral” rating to a “buy” rating in a research note 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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