SJW Group (NYSE:SJW – Get Rating) Director Carl Guardino sold 1,175 shares of the company's stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $64.32, for a total transaction of $75,576.00. Following the completion of the transaction, 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 SEC, which is available at this link.
SJW Group Stock Down 1.1 %
SJW stock opened at $62.17 on Friday. The company has a fifty day moving average price of $65.25 and a 200 day moving average price of $63.88. SJW Group has a 12 month low of $55.74 and a 12 month high of $73.69. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 35.73 and a beta of 0.55. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.50 and a quick ratio of 0.50.
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SJW Group Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 8th were given a dividend of $0.36 per share. The ex-dividend date was Friday, August 5th. This represents a $1.44 dividend on an annualized basis and a yield of 2.32%. This is an increase from SJW Group's previous quarterly dividend of $0.19. SJW Group's dividend payout ratio is presently 82.76%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on SJW. Barclays lowered their target price on shares of SJW Group from $72.00 to $65.00 and set an "equal weight" rating for the company in a report on Monday, July 18th. Wells Fargo & Company downgraded shares of SJW Group from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $67.00 to $66.00 in a research report on Thursday, June 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $66.00.
Hedge Funds Weigh In On SJW Group
Large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new position in SJW Group during the 2nd quarter worth $26,000. Point72 Hong Kong Ltd purchased a new position in SJW Group during the 2nd quarter worth $28,000. Meeder Asset Management Inc. purchased a new position in SJW Group during the 2nd quarter worth $60,000. Kepos Capital LP purchased a new position in SJW Group during the 4th quarter worth $92,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in SJW Group during the 2nd quarter worth $81,000. Hedge funds and other institutional investors own 72.05% of the company's stock.
About SJW Group
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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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