Crow Point Partners LLC Takes Position in SJW Corporation (NYSE:SJW)

Crow Point Partners LLC purchased a new position in shares of SJW Corporation (NYSE:SJW) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,502 shares of the utilities provider’s stock, valued at approximately $373,000.

A number of other large investors have also modified their holdings of SJW. Principal Financial Group Inc. increased its holdings in shares of SJW Corporation by 1.2% in 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. Victory Capital Management Inc. increased its holdings in shares of SJW Corporation by 5.6% in the 1st quarter. Victory Capital Management Inc. now owns 2,729 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 145 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of SJW Corporation by 4.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,965 shares of the utilities provider’s stock valued at $195,000 after purchasing an additional 161 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of SJW Corporation by 3.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 10,799 shares of the utilities provider’s stock valued at $531,000 after purchasing an additional 400 shares in the last quarter. Finally, Menta Capital LLC increased its holdings in SJW Corporation by 7.9% during the 1st quarter. Menta Capital LLC now owns 6,041 shares of the utilities provider’s stock valued at $291,000 after acquiring an additional 441 shares in the last quarter. Hedge funds and other institutional investors own 45.50% of the company’s stock.

SJW Corporation (NYSE SJW) traded up 1.31% during midday trading on Friday, hitting $62.71. 26,957 shares of the company’s stock traded hands. The company has a market capitalization of $1.29 billion, a PE ratio of 23.50 and a beta of 0.15. The company has a 50 day moving average of $58.89 and a 200-day moving average of $53.01. SJW Corporation has a 52 week low of $44.60 and a 52 week high of $66.45.

SJW Corporation (NYSE:SJW) last issued its earnings results on Wednesday, October 25th. The utilities provider reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.15. SJW Corporation had a return on equity of 11.99% and a net margin of 14.83%. The company had revenue of $124.58 million during the quarter, compared to the consensus estimate of $107.00 million. Equities research analysts predict that SJW Corporation will post $2.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 6th will be paid a dividend of $0.218 per share. This is an increase from SJW Corporation’s previous quarterly dividend of $0.19. This represents a $0.87 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, November 3rd. SJW Corporation’s payout ratio is currently 32.34%.

COPYRIGHT VIOLATION NOTICE: “Crow Point Partners LLC Takes Position in SJW Corporation (NYSE:SJW)” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.dispatchtribunal.com/2017/10/27/crow-point-partners-llc-buys-shares-of-6502-sjw-corporation-sjw.html.

SJW has been the subject of several recent research reports. BidaskClub downgraded shares of SJW Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. 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, Janney Montgomery Scott upgraded shares of SJW Corporation from a “neutral” rating to a “buy” rating in a report on Friday, July 28th.

In other news, insider Palle Jensen sold 3,000 shares of SJW Corporation 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 available through this link. Insiders own 21.10% of the company’s stock.

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.

Institutional Ownership by Quarter for SJW Corporation (NYSE:SJW)

Receive News & Ratings for SJW Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SJW Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply