PNC Financial Services Group Inc. lessened its stake in SJW Group (NYSE:SJW – Free Report) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,328 shares of the utilities provider’s stock after selling 553 shares during the period. PNC Financial Services Group Inc.’s holdings in SJW Group were worth $348,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in SJW. Quadrant Capital Group LLC boosted its holdings in SJW Group by 760.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,228 shares of the utilities provider’s stock valued at $146,000 after purchasing an additional 1,969 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of SJW Group in the 4th quarter worth approximately $220,000. Daiwa Securities Group Inc. grew its holdings in SJW Group by 15.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,707 shares of the utilities provider’s stock valued at $242,000 after buying an additional 501 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of SJW Group during the 3rd quarter worth $292,000. Finally, HighTower Advisors LLC lifted its stake in shares of SJW Group by 12.3% during the 3rd quarter. HighTower Advisors LLC now owns 5,978 shares of the utilities provider’s stock worth $362,000 after purchasing an additional 654 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.
Analyst Ratings Changes
SJW has been the topic of several research reports. Wells Fargo & Company increased their target price on SJW Group from $61.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. StockNews.com raised SJW Group from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Finally, Seaport Res Ptn raised SJW Group from a “neutral” rating to a “buy” rating in a research report on Monday, February 26th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $66.00.
Check Out Our Latest Stock Analysis on SJW Group
SJW Group Stock Up 1.2 %
NYSE:SJW opened at $54.81 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a 50-day simple moving average of $55.48 and a 200 day simple moving average of $59.58. SJW Group has a one year low of $51.37 and a one year high of $76.72. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.65 and a beta of 0.60.
SJW Group (NYSE:SJW – Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. SJW Group had a net margin of 12.48% and a return on equity of 6.98%. The firm had revenue of $149.38 million for the quarter, compared to analyst estimates of $140.60 million. Sell-side analysts predict that SJW Group will post 2.75 EPS for the current fiscal year.
SJW Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 6th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Friday, May 3rd. SJW Group’s dividend payout ratio is currently 60.15%.
Insider Activity
In other news, insider Craig J. Patla sold 1,400 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $55.62, for a total transaction of $77,868.00. Following the transaction, the insider now directly owns 3,300 shares in the company, valued at approximately $183,546. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.
SJW Group 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.
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Source: defenseworld.net
