American Century Companies Inc. grew its stake in SJW Group (NYSE:SJW – Get Rating) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 368,189 shares of the utilities provider’s stock after buying an additional 12,840 shares during the quarter. American Century Companies Inc. owned approximately 1.21% of SJW Group worth $29,893,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in SJW Group by 1.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,279 shares of the utilities provider’s stock worth $1,078,000 after buying an additional 176 shares in the last quarter. Ellevest Inc. boosted its stake in shares of SJW Group by 87.6% in the fourth quarter. Ellevest Inc. now owns 424 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 198 shares during the period. Arizona State Retirement System boosted its stake in shares of SJW Group by 3.9% in the fourth quarter. Arizona State Retirement System now owns 6,828 shares of the utilities provider’s stock worth $554,000 after acquiring an additional 255 shares during the period. Creative Planning boosted its stake in shares of SJW Group by 3.2% in the fourth quarter. Creative Planning now owns 9,722 shares of the utilities provider’s stock worth $789,000 after acquiring an additional 298 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of SJW Group by 7.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 5,493 shares of the utilities provider’s stock worth $446,000 after acquiring an additional 371 shares during the period. Hedge funds and other institutional investors own 72.08% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on SJW shares. Wells Fargo & Company lowered SJW Group from an “equal weight” rating to an “underweight” rating and set a $76.00 price objective for the company. in a research note on Friday, May 12th. They noted that the move was a valuation call. StockNews.com began coverage on SJW Group in a research note on Thursday, May 18th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. lowered SJW Group from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $86.00 to $84.00 in a research note on Tuesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $79.00.
Insider Transactions at SJW Group
In other news, Director Carl Guardino sold 777 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $76.03, for a total value of $59,075.31. Following the sale, the director now directly owns 3,184 shares in the company, valued at $242,079.52. The sale was disclosed in a document filed with the SEC, which is available at this link. In other SJW Group news, Director Carl Guardino sold 777 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $76.03, for a total transaction of $59,075.31. Following the transaction, the director now directly owns 3,184 shares in the company, valued at approximately $242,079.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig J. Patla sold 725 shares of the firm’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $76.09, for a total value of $55,165.25. Following the transaction, the insider now owns 7,038 shares in the company, valued at $535,521.42. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.
SJW Group Price Performance
NYSE:SJW opened at $76.53 on Monday. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 28.77 and a beta of 0.57. SJW Group has a 1 year low of $55.74 and a 1 year high of $83.88. The business has a 50 day simple moving average of $76.92 and a 200-day simple moving average of $77.35. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.91.
SJW Group (NYSE:SJW – Get Rating) last posted its quarterly earnings data on Monday, May 1st. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.09. SJW Group had a return on equity of 7.57% and a net margin of 12.88%. The business had revenue of $137.30 million during the quarter, compared to analyst estimates of $134.02 million. During the same period last year, the company earned $0.09 EPS. Equities analysts forecast that SJW Group will post 2.46 EPS for the current year.
SJW Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 8th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.99%. This is an increase from SJW Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, May 5th. SJW Group’s dividend payout ratio is presently 57.14%.
SJW Group Company Profile
SJW Group is a holding company, which through its subsidiaries provides water utility services. It operates through the Water Utility Services and Real Estate Services segments. The Water Utility Services segment offers water utility and utility-related services. The Real Estate Services segment engages in property management and investment activity.
See Also
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