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

SJW Group (NYSE:SJW) insider Craig J. Patla sold 1,400 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $55.62, for a total transaction of $77,868.00. Following the sale, the insider now owns 3,300 shares of the company’s stock, valued at approximately $183,546. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

SJW Group Stock Performance

NYSE SJW opened at $55.95 on Wednesday. SJW Group has a 12-month low of $51.37 and a 12-month high of $77.83. The firm has a market cap of $1.80 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 2.69 and a beta of 0.58. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.25. The company’s 50 day moving average is $55.36 and its 200-day moving average is $60.34.

SJW Group (NYSE:SJW) last posted its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The company 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 business earned $1.09 earnings per share. Sell-side analysts predict that SJW Group will post 2.75 earnings per share for the current year.

SJW Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 6th will be given a $0.40 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.86%. SJW Group’s dividend payout ratio (DPR) is currently 60.15%.

Hedge Funds Weigh In On SJW Group

Several hedge funds have recently bought and sold shares of the company. C M Bidwell & Associates Ltd. bought a new position in SJW Group in the 4th quarter valued at $35,000. Quadrant Capital Group LLC raised its position in shares of SJW Group by 760.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,228 shares of the utilities provider’s stock worth $146,000 after buying an additional 1,969 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in SJW Group by 130.3% during the third quarter. Daiwa Securities Group Inc. now owns 3,206 shares of the utilities provider’s stock valued at $193,000 after buying an additional 1,814 shares during the period. Inceptionr LLC purchased a new position in SJW Group during the fourth quarter worth about $220,000. Finally, SG Americas Securities LLC boosted its position in shares of SJW Group by 87.0% during the 1st quarter. SG Americas Securities LLC now owns 3,608 shares of the utilities provider’s stock valued at $204,000 after acquiring an additional 1,679 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SJW. Wells Fargo & Company increased their target price on shares of 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 raised SJW Group from a “neutral” rating to a “buy” rating in a research report on Monday, February 26th. Finally, StockNews.com raised SJW Group from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.00.

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.