Zacks: SJW Corp. (NYSE:SJW) Given $40.00 Consensus Target Price by Analysts
Shares of SJW Corp. (NYSE:SJW) have been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokers have set a 1-year consensus price objective of $40.00 for the company and are forecasting that the company will post $0.45 EPS for the current quarter, according to Zacks. Zacks has also assigned SJW Corp. an industry rank of 112 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of SJW Corp. from a “sell” rating to a “hold” rating in a report on Thursday, June 23rd.
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In other SJW Corp. news, VP Palle Jensen sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $42.08, for a total value of $210,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.50% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new stake in SJW Corp. during the first quarter worth approximately $357,000. First Manhattan Co. raised its stake in SJW Corp. by 1.5% in the first quarter. First Manhattan Co. now owns 260,610 shares of the company’s stock worth $9,473,000 after buying an additional 3,750 shares in the last quarter. Virginia Retirement System purchased a new stake in SJW Corp. during the first quarter worth approximately $596,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in SJW Corp. during the first quarter worth approximately $232,000. Finally, Prudential Financial Inc. raised its stake in SJW Corp. by 22.3% in the first quarter. Prudential Financial Inc. now owns 128,222 shares of the company’s stock worth $4,661,000 after buying an additional 23,400 shares in the last quarter. 45.15% of the stock is owned by institutional investors.
Shares of SJW Corp. (NYSE:SJW) traded up 0.71% during trading on Wednesday, reaching $43.96. 14,479 shares of the company’s stock were exchanged. SJW Corp. has a 52 week low of $27.60 and a 52 week high of $45.51. The firm has a market capitalization of $898.63 million, a PE ratio of 19.63 and a beta of 0.41. The company’s 50-day moving average price is $41.93 and its 200 day moving average price is $38.01.
SJW Corp. (NYSE:SJW) last announced its earnings results on Wednesday, July 27th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.41. SJW Corp. had a net margin of 14.40% and a return on equity of 11.12%. Analysts predict that SJW Corp. will post $1.80 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 8th were issued a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Thursday, August 4th. SJW Corp.’s payout ratio is 36.32%.
About SJW Corp.
SJW Corp. is a holding company. The Company has approximately five subsidiaries: San Jose Water Company, SJWTX, Inc, SJW Land Company, Texas Water Alliance Limited (TWA) and SJW Group, Inc SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). The Company operates through two segments: Water Utility Services and Real Estate Services.
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