Gamco Investors INC. ET AL Cuts Stock Position in SJW Group (NYSE:SJW)

Gamco Investors INC. ET AL cut its position in SJW Group (NYSE:SJWGet Rating) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,245 shares of the utilities provider’s stock after selling 4,500 shares during the period. Gamco Investors INC. ET AL’s holdings in SJW Group were worth $9,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SJW. UMB Bank N A MO acquired a new stake in shares of SJW Group in the fourth quarter worth approximately $44,000. D.A. Davidson & CO. acquired a new stake in shares of SJW Group in the fourth quarter worth approximately $200,000. Kestra Advisory Services LLC acquired a new stake in shares of SJW Group in the fourth quarter worth approximately $210,000. Capital Insight Partners LLC acquired a new stake in shares of SJW Group in the fourth quarter worth approximately $220,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of SJW Group in the fourth quarter worth approximately $220,000. 77.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SJW Group stock opened at $60.66 on Monday. SJW Group has a 52 week low of $57.17 and a 52 week high of $73.69. The business’s fifty day simple moving average is $64.28 and its 200-day simple moving average is $67.05. The firm has a market cap of $1.83 billion, a PE ratio of 29.59 and a beta of 0.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.45.

SJW Group (NYSE:SJWGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The utilities provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. SJW Group had a return on equity of 5.21% and a net margin of 10.56%. The business had revenue of $124.30 million for the quarter, compared to analyst estimates of $117.03 million. During the same quarter in the prior year, the company posted $0.12 EPS. As a group, equities analysts expect that SJW Group will post 2.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 9th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, May 6th. SJW Group’s dividend payout ratio (DPR) is presently 70.24%.

A number of analysts have recently issued reports on the company. TheStreet lowered SJW Group from a “b-” rating to a “c+” rating in a research note on Thursday. JPMorgan Chase & Co. raised SJW Group from a “neutral” rating to an “overweight” rating and set a $67.00 price objective on the stock in a research note on Monday, May 2nd. Barclays boosted their price objective on SJW Group from $70.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 15th. Zacks Investment Research lowered SJW Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th. Finally, Seaport Res Ptn raised SJW Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $72.50.

About SJW Group (Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for SJW Group (NYSE:SJW)

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