SJW Group (NYSE:SJW) CFO James Patrick Lynch sold 800 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $73.00, for a total value of $58,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
James Patrick Lynch also recently made the following trade(s):
- On Tuesday, January 14th, James Patrick Lynch sold 1,000 shares of SJW Group stock. The shares were sold at an average price of $69.88, for a total value of $69,880.00.
- On Tuesday, December 10th, James Patrick Lynch sold 1,000 shares of SJW Group stock. The shares were sold at an average price of $71.16, for a total value of $71,160.00.
SJW Group stock opened at $73.55 on Friday. The stock has a market cap of $2.07 billion, a PE ratio of 52.91, a price-to-earnings-growth ratio of 7.84 and a beta of 0.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.52 and a current ratio of 3.52. SJW Group has a one year low of $59.10 and a one year high of $74.99. The stock has a fifty day moving average of $72.01 and a 200 day moving average of $69.67.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 10th will be given a $0.32 dividend. This is a boost from SJW Group’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 7th. This represents a $1.28 dividend on an annualized basis and a yield of 1.74%. SJW Group’s dividend payout ratio is presently 51.00%.
A number of research firms recently commented on SJW. ValuEngine cut SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. began coverage on SJW Group in a research report on Friday, November 15th. They set a “neutral” rating and a $73.00 price objective for the company. Finally, Zacks Investment Research cut SJW Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $74.83.
A number of institutional investors and hedge funds have recently modified their holdings of SJW. Tower Research Capital LLC TRC purchased a new stake in SJW Group in the third quarter worth about $70,000. Vestcor Investment Management Corp purchased a new stake in SJW Group in the fourth quarter worth about $108,000. Van ECK Associates Corp purchased a new stake in SJW Group in the fourth quarter worth about $120,000. Parkside Financial Bank & Trust increased its position in SJW Group by 1,320.0% in the third quarter. Parkside Financial Bank & Trust now owns 2,840 shares of the utilities provider’s stock worth $194,000 after buying an additional 2,640 shares in the last quarter. Finally, AJO LP purchased a new stake in SJW Group in the fourth quarter worth about $225,000. Institutional investors and hedge funds own 67.41% of the company’s stock.
About SJW Group
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. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.
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