SJW Group (NYSE:SJW) Hits New 1-Year High at $73.82

SJW Group (NYSE:SJWGet Rating)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $73.82 and last traded at $73.82, with a volume of 100 shares changing hands. The stock had previously closed at $73.48.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SJW. Wells Fargo & Company raised their target price on SJW Group from $66.00 to $72.00 and gave the company an “equal weight” rating in a report on Monday, October 31st. StockNews.com began coverage on SJW Group in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, TheStreet upgraded SJW Group from a “c+” rating to a “b-” rating in a report on Tuesday, November 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $68.00.

SJW Group Stock Down 0.5 %

The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.50 and a current ratio of 0.50. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 38.41 and a beta of 0.65. The business has a 50-day simple moving average of $65.42 and a 200-day simple moving average of $63.90.

SJW Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be given a $0.36 dividend. The ex-dividend date is Friday, November 4th. This represents a $1.44 dividend on an annualized basis and a yield of 1.95%. This is a positive change from SJW Group’s previous quarterly dividend of $0.19. SJW Group’s dividend payout ratio (DPR) is currently 75.00%.

Insider Transactions at SJW Group

In other news, Director Carl Guardino sold 1,175 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $64.32, for a total transaction of $75,576.00. Following the sale, the director now owns 2,729 shares of the company’s stock, valued at approximately $175,529.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO James Patrick Lynch sold 533 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $62.35, for a total transaction of $33,232.55. Following the sale, the chief accounting officer now owns 27,381 shares of the company’s stock, valued at approximately $1,707,205.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carl Guardino sold 1,175 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $64.32, for a total value of $75,576.00. Following the sale, the director now directly owns 2,729 shares in the company, valued at approximately $175,529.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,840 shares of company stock valued at $245,289. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Canvas Wealth Advisors LLC grew its stake in SJW Group by 0.8% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 22,455 shares of the utilities provider’s stock worth $1,401,000 after buying an additional 178 shares during the last quarter. Truist Financial Corp grew its stake in SJW Group by 2.5% during the 3rd quarter. Truist Financial Corp now owns 8,230 shares of the utilities provider’s stock worth $474,000 after buying an additional 200 shares during the last quarter. Van ECK Associates Corp grew its stake in SJW Group by 3.8% during the 3rd quarter. Van ECK Associates Corp now owns 5,695 shares of the utilities provider’s stock worth $328,000 after buying an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in SJW Group by 5.2% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,122 shares of the utilities provider’s stock worth $295,000 after buying an additional 251 shares during the last quarter. Finally, Clear Harbor Asset Management LLC grew its stake in SJW Group by 0.9% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 30,157 shares of the utilities provider’s stock worth $1,737,000 after buying an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 72.05% of the company’s stock.

SJW Group Company Profile

(Get Rating)

SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services and sewer operations to water utilities; and a Linebacker protection plan for public drinking water customers in Connecticut and Maine.

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