Gabelli Funds LLC decreased its position in shares of SJW Corporation (NYSE:SJW) by 7.3% during the fourth quarter, Holdings Channel reports. The fund owned 398,500 shares of the company’s stock after selling 31,500 shares during the period. Gabelli Funds LLC’s holdings in SJW Corporation were worth $22,308,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trexquant Investment LP bought a new position in SJW Corporation during the fourth quarter worth about $224,000. Capital Insight Partners LLC bought a new position in SJW Corporation during the third quarter worth about $219,000. SG Americas Securities LLC bought a new position in SJW Corporation during the third quarter worth about $241,000. Russell Investments Group Ltd. bought a new position in SJW Corporation during the fourth quarter worth about $448,000. Finally, Eqis Capital Management Inc. increased its position in SJW Corporation by 6.6% in the third quarter. Eqis Capital Management Inc. now owns 8,257 shares of the company’s stock worth $361,000 after buying an additional 508 shares during the last quarter. Institutional investors own 44.65% of the company’s stock.
Shares of SJW Corporation (NYSE:SJW) traded down 0.77% during mid-day trading on Friday, reaching $48.78. 12,865 shares of the company’s stock were exchanged. SJW Corporation has a one year low of $31.38 and a one year high of $56.93. The firm has a market capitalization of $997.84 million, a P/E ratio of 18.14 and a beta of 0.25. The stock has a 50-day moving average of $50.84 and a 200 day moving average of $47.94.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Monday, February 6th will be given a dividend of $0.2175 per share. This is a boost from SJW Corporation’s previous quarterly dividend of $0.20. This represents a $0.87 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, February 2nd. SJW Corporation’s dividend payout ratio (DPR) is presently 32.34%.
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Separately, Zacks Investment Research upgraded shares of SJW Corporation from a “hold” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a research report on Wednesday, November 2nd.
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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