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

Gamco Investors INC. ET AL trimmed its position in SJW Group (NYSE:SJWGet Rating) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,245 shares of the utilities provider’s stock after selling 4,500 shares during the quarter. Gamco Investors INC. ET AL owned about 0.42% of SJW Group worth $9,168,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System purchased a new stake in SJW Group in the 4th quarter worth approximately $429,000. Handelsbanken Fonder AB increased its holdings in SJW Group by 17.3% in the 4th quarter. Handelsbanken Fonder AB now owns 6,765 shares of the utilities provider’s stock worth $495,000 after acquiring an additional 1,000 shares in the last quarter. Barclays PLC increased its holdings in SJW Group by 214.4% in the 3rd quarter. Barclays PLC now owns 12,472 shares of the utilities provider’s stock worth $824,000 after acquiring an additional 8,505 shares in the last quarter. Pinnacle Associates Ltd. purchased a new stake in SJW Group in the 4th quarter worth approximately $220,000. Finally, Krane Funds Advisors LLC purchased a new stake in SJW Group in the 4th quarter worth approximately $759,000. 77.21% of the stock is owned by institutional investors.

Several research analysts have weighed in on the company. Barclays upped their price target 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. JPMorgan Chase & Co. upgraded SJW Group from a “neutral” rating to an “overweight” rating and set a $67.00 price target for the company in a research note on Monday, May 2nd. Seaport Res Ptn upgraded SJW Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 25th. StockNews.com began coverage on SJW Group in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research downgraded SJW Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SJW Group has an average rating of “Hold” and a consensus price target of $72.50.

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

SJW Group (NYSE:SJWGet Rating) last released its earnings results on Wednesday, April 27th. The utilities provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $0.12 earnings per share. Research analysts expect that SJW Group will post 2.33 EPS for the current year.

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

SJW Group Profile (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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