Shares of SJW Corporation (NYSE:SJW) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price target of $68.00 for the company and are expecting that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also assigned SJW an industry rank of 119 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised SJW from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Tuesday, October 31st.

Institutional investors and hedge funds have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. increased its position in shares of SJW by 651.5% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,029 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 1,759 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in SJW by 352.5% during the second quarter. BNP Paribas Arbitrage SA now owns 2,647 shares of the utilities provider’s stock worth $130,000 after buying an additional 2,062 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of SJW by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,211 shares of the utilities provider’s stock valued at $158,000 after purchasing an additional 482 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of SJW in the 2nd quarter valued at $179,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of SJW by 4.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,965 shares of the utilities provider’s stock valued at $195,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 54.73% of the company’s stock.

SJW (NYSE:SJW) opened at $68.13 on Friday. The company has a market capitalization of $1,379.00, a P/E ratio of 27.21 and a beta of 0.12. SJW has a 52-week low of $45.39 and a 52-week high of $69.29. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95.

SJW (NYSE:SJW) last announced its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.79 by $0.15. The firm had revenue of $124.58 million for the quarter, compared to analyst estimates of $107.00 million. SJW had a return on equity of 11.81% and a net margin of 14.83%. sell-side analysts predict that SJW will post 2.48 earnings per share for the current fiscal year.

The firm also recently disclosed a special dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 29th will be given a $0.17 dividend. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, November 28th. SJW’s dividend payout ratio (DPR) is presently 32.34%.

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SJW Company Profile

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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