SJW Group (SJW) Stock Price, News & Analysis

Company Overview

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. It also offers non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services, sewer operations, and other water related services to water utilities; and a Linebacker protection plan for public drinking water customers in Connecticut and Maine. In addition, the company provides water service to approximately 232,400 connections that serve approximately one million people residing in portions of the cities of San Jose and Cupertino and in the cities of Campbell, Monte Sereno, Saratoga, and the Town of Los Gatos; adjacent unincorporated territories in the County of Santa Clara in the State of California; water service to approximately 141,000 service connections, which serve approximately 461,000 people in 81 municipalities with a service area of approximately 272 square miles in Connecticut and Maine and approximately 3,000 wastewater connections in Southbury, Connecticut; approximately 28,000 service connections that serve approximately 83,000 people in a service area comprising approximately 271 square miles in the region between San Antonio and Austin, Texas; and approximately 950 wastewater connections. Further, it owns undeveloped land in California and Tennessee; commercial and warehouse properties in Tennessee; and commercial properties and parcels of land in Connecticut. The company was formerly known as SJW Corp. and changed its name to SJW Group in November 2016. SJW Group was incorporated in 1985 and is headquartered in San Jose, California.

Key Stats

• Today's Range: $50.03 to $51.93
• 50-Day Range: $50.20 to $60.34
• 52-Week Range: $50.03 to $67.80
• Volume: 1.10 million shs
• Average Volume: 194,846 shs
• Market Capitalization: $1.64 billion
• P/E Ratio: 18.19
• Dividend Yield: 3.19%
• Price Target: $63.00
• Consensus Rating: Hold

SJW Group Stock Analysis - MarketRank™

SJW Group scored higher than 86% of companies evaluated by MarketBeat, and ranked 26th out of 91 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

SJW Group has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

SJW Group has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.36%

Earnings Growth

Earnings for SJW Group are expected to grow by 8.36% in the coming year, from $2.75 to $2.98 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SJW Group is 18.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of SJW Group is 18.19, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.36.

Price to Earnings Growth Ratio

SJW Group has a PEG Ratio of 3.26. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

SJW Group has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.66% of the outstanding shares of SJW Group have been sold short.

Short Interest Ratio / Days to Cover

SJW Group has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SJW Group has recently decreased by 28.20%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

SJW Group pays a meaningful dividend of 2.99%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

SJW Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of SJW Group is 57.97%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, SJW Group will have a dividend payout ratio of 53.69% next year. This indicates that SJW Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.66% of the outstanding shares of SJW Group have been sold short.

Short Interest Ratio / Days to Cover

SJW Group has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SJW Group has recently decreased by 28.20%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.81

News Sentiment

SJW Group has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for SJW Group this week, compared to 5 articles on an average week.

Search Interest

5 people have searched for SJW on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, SJW Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.38% of the stock of SJW Group is held by insiders.

Percentage Held by Institutions

84.29% of the stock of SJW Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SJW Stock Analysis - Frequently Asked Questions

How have SJW shares performed this year?

SJW Group's stock was trading at $65.35 at the start of the year. Since then, SJW stock has decreased by 23.2% and is now trading at $50.20.
View the best growth stocks for 2024 here.

How were SJW Group's earnings last quarter?

SJW Group (NYSE:SJW) issued its quarterly earnings results on Wednesday, February, 21st. The utilities provider reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by $0.01. The utilities provider had revenue of $171.34 million for the quarter, compared to analyst estimates of $161.23 million. SJW Group had a net margin of 12.47% and a trailing twelve-month return on equity of 7.16%.

Does SJW Group have any subsidiaries?

SJW Group subsidiaries include these companies: Connecticut Water Service.

Who are SJW Group's major shareholders?

Top institutional investors of SJW Group include State Street Corp (4.92%), Cerity Partners LLC (4.46%), Nuance Investments LLC (3.62%) and Geode Capital Management LLC (2.21%). Insiders that own company stock include James Patrick Lynch, Andrew Gere, Craig J Patla and Carl Guardino.
View institutional ownership trends.

How do I buy shares of SJW Group?

Shares of SJW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of SJW Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SJW Group investors own include Tesla (TSLA), Meta Platforms (META), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), Home Depot (HD), Walmart (WMT) and Chevron (CVX).

Company Calendar

• Last Earnings: 2/21/2024
• Ex-Dividend for 12/2 Dividend: 11/04/2024
• Dividend Payable: 12/02/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Water supply
• Sub-Industry: Water Utilities
• Current Symbol: NYSE:SJW
• CUSIP: 78430510
• CIK: 766829
• Web: www.sjwgroup.com
• Phone: (408) 279-7800
• Fax: 408-279-7917
• Employees: 760
• Year Founded: 1985

Price Target and Rating

• Average Stock Price Target: $63.00
• High Stock Price Target: $65.00
• Low Stock Price Target: $61.00
• Potential Upside/Downside: +25.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.76
• Trailing P/E Ratio: 18.19
• Forward P/E Ratio: 18.25
• P/E Growth: 3.26
• Net Income: $84.99 million
• Net Margins: 12.47%
• Pretax Margin: 13.81%
• Return on Equity: 7.16%
• Return on Assets: 2.05%

Debt

• Debt-to-Equity Ratio: 1.25
• Current Ratio: 0.77
• Quick Ratio: 0.77

Sales & Book Value

• Annual Sales: $721.96 million
• Price / Sales: 2.27
• Cash Flow: $5.59 per share
• Price / Cash Flow: 8.98
• Book Value: $38.62 per share
• Price / Book: 1.30

Miscellaneous

• Outstanding Shares: 32,712,000
• Free Float: 32,588,000
• Market Cap: $1.64 billion
• Optionable: Optionable
• Beta: 0.62