Bank of Montreal Can lowered its stake in SJW Corporation (NYSE:SJW) by 19.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,038 shares of the utilities provider’s stock after selling 2,476 shares during the period. Bank of Montreal Can’s holdings in SJW Corporation were worth $484,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Trexquant Investment LP purchased a new stake in shares of SJW Corporation during the fourth quarter valued at $224,000. SG Americas Securities LLC purchased a new stake in shares of SJW Corporation during the third quarter valued at $241,000. A.R.T. Advisors LLC purchased a new stake in shares of SJW Corporation during the fourth quarter valued at $291,000. Menta Capital LLC purchased a new stake in shares of SJW Corporation during the fourth quarter valued at $313,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of SJW Corporation during the fourth quarter valued at $352,000. 46.37% of the stock is owned by hedge funds and other institutional investors.
SJW Corporation (NYSE SJW) traded down 0.32% during trading on Monday, hitting $52.83. The stock had a trading volume of 62,555 shares. The company has a 50-day moving average of $49.25 and a 200 day moving average of $50.32. SJW Corporation has a 52 week low of $36.30 and a 52 week high of $56.93. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 20.41 and a beta of 0.18.
SJW Corporation (NYSE:SJW) last issued its earnings results on Wednesday, April 26th. The utilities provider reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.04. The business had revenue of $69.05 million during the quarter, compared to the consensus estimate of $64 million. SJW Corporation had a return on equity of 12.10% and a net margin of 15.28%. On average, equities research analysts anticipate that SJW Corporation will post $2.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 8th were issued a $0.2175 dividend. The ex-dividend date was Thursday, May 4th. This represents a $0.87 dividend on an annualized basis and a yield of 1.65%. SJW Corporation’s payout ratio is currently 33.59%.
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Several analysts have weighed in on the company. Zacks Investment Research raised SJW Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised SJW Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th.
About SJW Corporation
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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