State Street Corp increased its holdings in SJW Corporation (NYSE:SJW) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 351,294 shares of the utilities provider’s stock after buying an additional 17,598 shares during the quarter. State Street Corp owned 1.71% of SJW Corporation worth $17,283,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its holdings 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. Meeder Asset Management Inc. boosted its holdings 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. Victory Capital Management Inc. boosted its holdings in shares of SJW Corporation by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,211 shares of the utilities provider’s stock worth $158,000 after buying an additional 482 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of SJW Corporation in the second quarter worth approximately $179,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of SJW Corporation by 4.2% in the second quarter. Advisors Asset Management Inc. now owns 3,965 shares of the utilities provider’s stock worth $195,000 after buying an additional 161 shares during the last quarter. 45.58% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on SJW shares. Janney Montgomery Scott raised shares of SJW Corporation from a “neutral” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research downgraded shares of SJW Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 28th. Finally, BidaskClub cut shares of SJW Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st.
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SJW Corporation (NYSE:SJW) last released its earnings results on Wednesday, October 25th. The utilities provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.15. SJW Corporation had a net margin of 14.83% and a return on equity of 11.81%. The company had revenue of $124.58 million for the quarter, compared to analysts’ expectations of $107.00 million. equities analysts forecast that SJW Corporation will post 2.48 earnings per share for the current year.
The company also recently announced a special dividend, which will be paid on Monday, December 11th. Shareholders of record on Wednesday, November 29th will be paid a dividend of $0.17 per share. This represents a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, November 28th. SJW Corporation’s payout ratio is 32.34%.
SJW Corporation 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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