Russell Investments Group Ltd. raised its position in SJW Corporation (NYSE:SJW) by 90.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,136 shares of the utilities provider’s stock after buying an additional 7,191 shares during the period. Russell Investments Group Ltd. owned about 0.07% of SJW Corporation worth $729,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in SJW. Dimensional Fund Advisors LP raised its stake in SJW Corporation by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 689,512 shares of the utilities provider’s stock valued at $38,599,000 after buying an additional 12,569 shares during the last quarter. State Street Corp increased its position in shares of SJW Corporation by 5.8% in the fourth quarter. State Street Corp now owns 331,882 shares of the utilities provider’s stock worth $18,583,000 after buying an additional 18,270 shares during the period. Renaissance Technologies LLC increased its position in shares of SJW Corporation by 17.6% in the fourth quarter. Renaissance Technologies LLC now owns 313,700 shares of the utilities provider’s stock worth $17,561,000 after buying an additional 46,900 shares during the period. First Manhattan Co. increased its position in shares of SJW Corporation by 0.9% in the first quarter. First Manhattan Co. now owns 262,910 shares of the utilities provider’s stock worth $11,483,000 after buying an additional 2,260 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of SJW Corporation by 17.2% in the first quarter. ProShare Advisors LLC now owns 124,543 shares of the utilities provider’s stock worth $6,005,000 after buying an additional 18,303 shares during the period. 48.48% of the stock is owned by hedge funds and other institutional investors.
SJW Corporation (NYSE:SJW) traded up 1.53% during mid-day trading on Wednesday, reaching $49.83. The company’s stock had a trading volume of 47,754 shares. The firm’s 50 day moving average price is $50.38 and its 200 day moving average price is $49.35. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 19.25 and a beta of 0.16. SJW Corporation has a 12-month low of $38.36 and a 12-month high of $56.93.
SJW Corporation (NYSE:SJW) last issued its earnings results on Wednesday, April 26th. The utilities provider reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.04. SJW Corporation had a net margin of 15.28% and a return on equity of 12.10%. The company had revenue of $69.05 million during the quarter, compared to analyst estimates of $64 million. On average, equities analysts predict that SJW Corporation will post $2.14 earnings per share for the current year.
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Several research analysts have weighed in on the company. BidaskClub raised SJW Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded SJW Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th.
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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