SJW Corporation (NYSE:SJW) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation. SJW Corporation’s rating score has improved by 66.7% from three months ago as a result of various analysts’ ratings changes.

Analysts have set a 12 month consensus price objective of $59.00 for the company and are expecting that the company will post $0.79 EPS for the current quarter, according to Zacks. Zacks has also assigned SJW Corporation an industry rank of 207 out of 265 based on the ratings given to its competitors.

SJW has been the topic of a number of recent research reports. Zacks Investment Research raised SJW Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised SJW Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Janney Montgomery Scott raised SJW Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, July 28th.

In other news, insider Palle Jensen sold 3,000 shares of SJW Corporation stock in a transaction dated Thursday, August 10th. The stock was 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 SEC, which is available through this hyperlink. Company insiders own 21.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. WFG Advisors LP lifted its stake in shares of SJW Corporation by 16.6% in the second quarter. WFG Advisors LP now owns 11,384 shares of the utilities provider’s stock worth $560,000 after acquiring an additional 1,619 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in shares of SJW Corporation by 14.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 5,296 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 664 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of SJW Corporation by 268.3% in the second quarter. Public Employees Retirement System of Ohio now owns 12,823 shares of the utilities provider’s stock worth $631,000 after acquiring an additional 9,341 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of SJW Corporation by 26.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,927 shares of the utilities provider’s stock worth $341,000 after acquiring an additional 1,461 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of SJW Corporation by 4.3% in the second quarter. The Manufacturers Life Insurance Company now owns 13,305 shares of the utilities provider’s stock worth $655,000 after acquiring an additional 550 shares during the period. 47.54% of the stock is currently owned by hedge funds and other institutional investors.

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SJW Corporation (NYSE:SJW) opened at 56.34 on Friday. The firm’s 50-day moving average is $55.09 and its 200-day moving average is $50.61. SJW Corporation has a 52-week low of $42.01 and a 52-week high of $57.20. The firm has a market capitalization of $1.16 billion, a P/E ratio of 21.11 and a beta of 0.17.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 7th were paid a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Thursday, August 3rd. SJW Corporation’s payout ratio is 32.58%.

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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