Craig J. Patla Sells 1,400 Shares of SJW Group (NYSE:SJW) Stock

SJW Group (NYSE:SJW) insider Craig J. Patla sold 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $55.62, for a total value of $77,868.00. Following the transaction, the insider now directly owns 3,300 shares in the company, valued at $183,546. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

SJW Group Trading Up 1.3 %

SJW Group stock opened at $56.67 on Thursday. 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 $1.83 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 2.69 and a beta of 0.58. The business’s fifty day simple moving average is $55.39 and its two-hundred day simple moving average is $60.32. 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) last posted its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). SJW Group had a return on equity of 6.98% and a net margin of 12.48%. The company had revenue of $171.34 million during the quarter, compared to analysts’ expectations of $161.23 million. During the same period in the prior year, the firm earned $1.09 EPS. As a group, equities analysts predict that SJW Group will post 2.75 earnings per share for the current fiscal year.

SJW Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 6th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.82%. SJW Group’s dividend payout ratio is presently 60.15%.

Institutional Investors Weigh In On SJW Group

Several institutional investors and hedge funds have recently made changes to their positions in SJW. C M Bidwell & Associates Ltd. bought a new stake in SJW Group in the 4th quarter worth about $35,000. Quadrant Capital Group LLC boosted its holdings in shares of SJW Group by 760.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,228 shares of the utilities provider’s stock valued at $146,000 after acquiring an additional 1,969 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of SJW Group by 130.3% in the third quarter. Daiwa Securities Group Inc. now owns 3,206 shares of the utilities provider’s stock worth $193,000 after acquiring an additional 1,814 shares during the period. Inceptionr LLC purchased a new position in shares of SJW Group during the fourth quarter valued at approximately $220,000. Finally, SG Americas Securities LLC lifted its position in SJW Group by 87.0% during the first 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 period. Institutional investors own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

SJW has been the topic of several research reports. Wells Fargo & Company lifted their price target on SJW Group from $61.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Seaport Res Ptn upgraded SJW Group from a “neutral” rating to a “buy” rating in a research report on Monday, February 26th. Finally, StockNews.com upgraded SJW Group from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, SJW Group presently has an average rating of “Hold” and an average target price of $66.00.

About SJW Group

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.