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 SJW Group stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $55.62, for a total value of $77,868.00. Following the transaction, the insider now owns 3,300 shares of the company’s stock, valued at $183,546. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

SJW Group Price Performance

Shares of NYSE SJW opened at $56.67 on Thursday. The stock has a market capitalization of $1.83 billion, a PE ratio of 21.30, a P/E/G ratio of 2.69 and a beta of 0.58. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.55 and a quick ratio of 0.55. The business has a fifty day moving average price of $55.39 and a two-hundred day moving average price of $60.32. SJW Group has a fifty-two week low of $51.37 and a fifty-two week high of $77.83.

SJW Group (NYSE:SJW) last announced its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). The company had revenue of $171.34 million during the quarter, compared to analyst estimates of $161.23 million. SJW Group had a net margin of 12.48% and a return on equity of 6.98%. During the same period in the prior year, the firm earned $1.09 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 6th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.82%. SJW Group’s dividend payout ratio (DPR) is currently 60.15%.

Analyst Ratings Changes

Several research firms recently weighed in on SJW. Seaport Res Ptn raised SJW Group from a “neutral” rating to a “buy” rating in a report on Monday, February 26th. StockNews.com raised SJW Group from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Finally, Wells Fargo & Company lifted their price target on SJW Group from $61.00 to $62.00 and gave the stock an “equal weight” rating in a 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, the company presently has an average rating of “Hold” and a consensus target price of $66.00.

Hedge Funds Weigh In On SJW Group

Institutional investors have recently modified their holdings of the business. C M Bidwell & Associates Ltd. bought a new stake in SJW Group during the 4th quarter worth approximately $35,000. Quadrant Capital Group LLC lifted its holdings in shares of SJW Group by 760.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,228 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 1,969 shares during the period. 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 purchasing an additional 1,814 shares during the last quarter. SG Americas Securities LLC increased its holdings in SJW Group by 87.0% in 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. Finally, Inceptionr LLC bought a new position in SJW Group during the 4th quarter worth $220,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

SJW Group Company Profile

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.