Palle Jensen Sells 3,000 Shares of SJW Corporation (SJW) Stock
SJW Corporation (NYSE:SJW) insider Palle Jensen sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $55.14, for a total transaction of $165,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of SJW Corporation (SJW) traded up 2.27% during midday trading on Monday, hitting $55.81. 63,367 shares of the stock were exchanged. The firm has a market cap of $1.14 billion, a P/E ratio of 20.91 and a beta of 0.18. The stock’s 50 day moving average is $51.24 and its 200 day moving average is $49.61. SJW Corporation has a 12-month low of $38.36 and a 12-month 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 1.59%. The ex-dividend date is Thursday, August 3rd. SJW Corporation’s payout ratio is 32.58%.
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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of SJW Corporation from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a research note on Wednesday, August 2nd. BidaskClub lowered shares of SJW Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Janney Montgomery Scott upgraded shares of SJW Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, July 28th.
Several institutional investors have recently added to or reduced their stakes in the company. Copper Rock Capital Partners LLC acquired a new position in SJW Corporation during the second quarter worth approximately $24,048,000. Kennedy Capital Management Inc. acquired a new position in SJW Corporation during the second quarter worth approximately $6,183,000. Norges Bank acquired a new position in SJW Corporation during the fourth quarter worth approximately $5,264,000. Parametric Portfolio Associates LLC increased its position in SJW Corporation by 142.7% in the first quarter. Parametric Portfolio Associates LLC now owns 146,402 shares of the utilities provider’s stock worth $7,060,000 after buying an additional 86,078 shares during the last quarter. Finally, 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 during the last quarter. 48.29% of the stock is owned by institutional investors.
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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