Shell Asset Management Co. maintained its position in SJW Corporation (NYSE:SJW) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 15,810 shares of the utilities provider’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in SJW Corporation were worth $778,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in SJW Corporation by 5.4% in the first quarter. Vanguard Group Inc. now owns 910,889 shares of the utilities provider’s stock worth $43,923,000 after buying an additional 46,889 shares in the last quarter. Dimensional Fund Advisors LP increased its position in SJW Corporation by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 696,570 shares of the utilities provider’s stock worth $33,588,000 after buying an additional 7,058 shares in the last quarter. Copper Rock Capital Partners LLC acquired a new position in SJW Corporation during the second quarter worth approximately $24,048,000. Renaissance Technologies LLC increased its position in SJW Corporation by 17.0% in the first quarter. Renaissance Technologies LLC now owns 367,000 shares of the utilities provider’s stock worth $17,697,000 after buying an additional 53,300 shares in the last quarter. Finally, State Street Corp increased its position in SJW Corporation by 0.5% in the first quarter. State Street Corp now owns 333,696 shares of the utilities provider’s stock worth $16,088,000 after buying an additional 1,814 shares in the last quarter. Institutional investors own 48.36% of the company’s stock.
SJW Corporation (NYSE SJW) opened at 54.94 on Friday. The stock’s 50 day moving average is $51.13 and its 200-day moving average is $49.57. The firm has a market capitalization of $1.13 billion, a P/E ratio of 20.58 and a beta of 0.18. SJW Corporation has a 1-year low of $38.36 and a 1-year high of $56.93.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be issued a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, August 3rd. SJW Corporation’s dividend payout ratio is currently 32.58%.
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SJW has been the subject of a number of recent research reports. BidaskClub downgraded shares of SJW Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Janney Montgomery Scott upgraded shares of SJW Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research upgraded shares of SJW Corporation from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective for the company in a research note on Wednesday, August 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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