10,796 Shares in SJW Group (NYSE:SJW) Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in shares of SJW Group (NYSE:SJW) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,796 shares of the utilities provider’s stock, valued at approximately $627,000.

Other hedge funds also recently made changes to their positions in the company. CWM LLC grew its stake in shares of SJW Group by 184.2% during the 2nd quarter. CWM LLC now owns 520 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 337 shares in the last quarter. Chris Bulman Inc bought a new position in shares of SJW Group during the 2nd quarter worth approximately $30,000. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of SJW Group by 576.5% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 761 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of SJW Group during the 1st quarter worth approximately $247,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of SJW Group during the 1st quarter worth approximately $260,000. 84.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

SJW has been the subject of several recent analyst reports. Bank of America initiated coverage on SJW Group in a report on Friday, September 20th. They issued a “neutral” rating and a $65.00 price objective for the company. Wells Fargo & Company increased their price objective on SJW Group from $62.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, July 26th.

SJW Group Trading Up 1.8 %

Shares of SJW Group stock opened at $58.47 on Tuesday. The business has a fifty day simple moving average of $58.51 and a two-hundred day simple moving average of $56.64. SJW Group has a 1 year low of $51.17 and a 1 year high of $70.43. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 3.42 and a beta of 0.62. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.49 and a quick ratio of 0.49.

SJW Group (NYSE:SJW) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. SJW Group had a return on equity of 7.10% and a net margin of 12.48%. The company had revenue of $176.17 million for the quarter, compared to analysts’ expectations of $165.10 million. Research analysts forecast that SJW Group will post 2.75 EPS for the current year.

SJW Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Monday, August 5th. SJW Group’s payout ratio is 58.82%.

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.