SJW Group (NYSE:SJW) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in shares of SJW Group (NYSE:SJW) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,385 shares of the utilities provider’s stock after selling 425 shares during the period. Yousif Capital Management LLC’s holdings in SJW Group were worth $940,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SJW. Daiwa Securities Group Inc. increased its holdings in SJW Group by 130.3% in 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 last quarter. TIAA Trust National Association purchased a new position in shares of SJW Group in the 3rd quarter valued at about $246,000. IFM Investors Pty Ltd raised its position in shares of SJW Group by 11.8% during the 3rd quarter. IFM Investors Pty Ltd now owns 4,253 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 449 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in SJW Group during the third quarter worth approximately $292,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in SJW Group by 26.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,286 shares of the utilities provider’s stock worth $318,000 after purchasing an additional 1,090 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SJW shares. Seaport Res Ptn raised shares of SJW Group from a “neutral” rating to a “buy” rating in a report on Monday, February 26th. StockNews.com upgraded shares of SJW Group from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Wells Fargo & Company upped their price objective on shares of SJW Group from $61.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $66.00.

SJW Group Stock Performance

Shares of SJW opened at $55.53 on Friday. The company’s 50 day simple moving average is $55.39 and its 200-day simple moving average is $60.36. The firm has a market cap of $1.79 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.69 and a beta of 0.58. SJW Group has a 12-month low of $51.37 and a 12-month high of $77.83. The company has a current ratio of 0.55, a quick ratio of 0.58 and a debt-to-equity ratio of 1.25.

SJW Group (NYSE:SJW) last issued its quarterly earnings data 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 business had revenue of $171.34 million for the quarter, compared to analysts’ expectations of $161.23 million. During the same period in the previous year, the business posted $1.09 earnings per share. As a group, equities analysts predict that SJW Group will post 2.75 EPS for the current year.

SJW Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 6th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, May 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.88%. SJW Group’s payout ratio is 60.15%.

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.