SJW Group (NYSE:SJW) CFO James Patrick Lynch Sells 1,000 Shares of Stock

SJW Group (NYSE:SJW) CFO James Patrick Lynch sold 1,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $71.16, for a total transaction of $71,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE SJW traded down $1.03 during midday trading on Friday, reaching $69.43. 237 shares of the company’s stock traded hands, compared to its average volume of 89,411. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.57. The stock’s 50 day simple moving average is $70.56 and its 200-day simple moving average is $66.73. SJW Group has a one year low of $51.82 and a one year high of $74.47. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 10.14 and a beta of -0.01.

SJW Group (NYSE:SJW) last released its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.41). SJW Group had a net margin of 9.59% and a return on equity of 5.27%. The business had revenue of $114.00 million for the quarter, compared to the consensus estimate of $127.00 million. Equities analysts predict that SJW Group will post 1.77 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 11th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, November 7th. This is an increase from SJW Group’s previous quarterly dividend of $0.19. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.73%. SJW Group’s dividend payout ratio (DPR) is currently 47.81%.

A number of equities analysts have recently issued reports on SJW shares. Zacks Investment Research downgraded shares of SJW Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Macquarie started coverage on shares of SJW Group in a research note on Monday, October 7th. They set an “outperform” rating and a $79.00 price objective on the stock. Janney Montgomery Scott reiterated a “buy” rating and set a $71.00 price objective on shares of SJW Group in a research note on Thursday, September 5th. Wells Fargo & Co set a $80.00 price objective on shares of SJW Group and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. started coverage on shares of SJW Group in a research note on Friday, November 15th. They set a “neutral” rating and a $73.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. SJW Group presently has an average rating of “Hold” and a consensus price target of $74.83.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Metropolitan Life Insurance Co NY boosted its stake in SJW Group by 14.6% in the third quarter. Metropolitan Life Insurance Co NY now owns 8,593 shares of the utilities provider’s stock valued at $587,000 after acquiring an additional 1,094 shares in the last quarter. Water Asset Management LLC boosted its stake in SJW Group by 133.8% in the third quarter. Water Asset Management LLC now owns 63,462 shares of the utilities provider’s stock valued at $4,334,000 after acquiring an additional 36,314 shares in the last quarter. Barclays PLC boosted its stake in SJW Group by 23.8% in the third quarter. Barclays PLC now owns 28,577 shares of the utilities provider’s stock valued at $1,951,000 after acquiring an additional 5,494 shares in the last quarter. California State Teachers Retirement System boosted its stake in SJW Group by 1.2% in the third quarter. California State Teachers Retirement System now owns 41,023 shares of the utilities provider’s stock valued at $2,801,000 after acquiring an additional 490 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in SJW Group by 1.6% in the third quarter. Stifel Financial Corp now owns 35,752 shares of the utilities provider’s stock valued at $2,441,000 after acquiring an additional 553 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

About SJW Group

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. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.

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