SJW Group (NYSE:SJW - Get Free Report) insider Craig J. Patla sold 1,400 shares of the business's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $55.62, for a total value of $77,868.00. Following the completion of the transaction, the insider now owns 3,300 shares in the company, valued at $183,546. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
SJW Group Price Performance
NYSE:SJW opened at $55.95 on Wednesday. The business's 50-day moving average is $55.36 and its 200 day moving average is $60.34. SJW Group has a 12 month low of $51.37 and a 12 month high of $77.83. The company has a market capitalization of $1.80 billion, a P/E ratio of 21.03, a P/E/G ratio of 2.69 and a beta of 0.58. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.25.
SJW Group (NYSE:SJW - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The firm had revenue of $171.34 million during the quarter, compared to the consensus estimate of $161.23 million. SJW Group had a return on equity of 6.98% and a net margin of 12.48%. During the same period in the previous year, the firm earned $1.09 EPS. On average, equities research analysts forecast that SJW Group will post 2.75 earnings per share for the current fiscal year.
SJW Group Announces Dividend
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The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 6th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Friday, May 3rd. SJW Group's payout ratio is 60.15%.
Hedge Funds Weigh In On SJW Group
Several institutional investors have recently bought and sold shares of the business. Swiss National Bank raised its position in shares of SJW Group by 0.7% during the 1st quarter. Swiss National Bank now owns 59,900 shares of the utilities provider's stock valued at $3,390,000 after buying an additional 400 shares in the last quarter. Nuance Investments LLC raised its position in SJW Group by 18.9% during the first quarter. Nuance Investments LLC now owns 1,331,827 shares of the utilities provider's stock valued at $75,368,000 after purchasing an additional 211,638 shares during the period. SG Americas Securities LLC lifted its stake in shares of SJW Group by 87.0% in the 1st quarter. SG Americas Securities LLC now owns 3,608 shares of the utilities provider's stock valued at $204,000 after purchasing an additional 1,679 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of SJW Group by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 25,432 shares of the utilities provider's stock worth $1,439,000 after purchasing an additional 329 shares during the period. Finally, Jennison Associates LLC increased its position in shares of SJW Group by 4.0% during the 1st quarter. Jennison Associates LLC now owns 19,899 shares of the utilities provider's stock valued at $1,126,000 after purchasing an additional 760 shares during the last quarter. Institutional investors own 84.29% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on SJW shares. StockNews.com raised SJW Group from a "sell" rating to a "hold" rating in a research note on Friday, April 26th. Seaport Res Ptn upgraded shares of SJW Group from a "neutral" rating to a "buy" rating in a research report on Monday, February 26th. Finally, Wells Fargo & Company upped their target price on shares of SJW Group from $61.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, SJW Group has an average rating of "Hold" and a consensus price target of $66.00.
View Our Latest Stock Analysis on SJW
SJW Group Company Profile
(
Get Free Report)
SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.
Further Reading
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