SJW Group (NYSE:SJW) Shares Acquired by Raymond James & Associates

Raymond James & Associates boosted its stake in SJW Group (NYSE:SJW - Free Report) by 8.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 113,852 shares of the utilities provider's stock after acquiring an additional 9,165 shares during the quarter. Raymond James & Associates owned 0.35% of SJW Group worth $6,173,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its stake in SJW Group by 184.2% in the 2nd quarter. CWM LLC now owns 520 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 337 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in SJW Group during the 4th quarter worth $35,000. Quadrant Capital Group LLC boosted its stake in SJW Group by 760.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,228 shares of the utilities provider's stock worth $146,000 after purchasing an additional 1,969 shares during the last quarter. Inceptionr LLC acquired a new stake in SJW Group during the 4th quarter worth $220,000. Finally, SG Americas Securities LLC boosted its stake in SJW Group by 87.0% during the 1st quarter. SG Americas Securities LLC now owns 3,608 shares of the utilities provider's stock worth $204,000 after purchasing an additional 1,679 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lifted their target price on shares of SJW Group from $62.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, SJW Group currently has an average rating of "Hold" and an average target price of $66.33.

SJW Group Trading Up 1.6 %

Shares of SJW stock traded up $0.90 on Wednesday, hitting $58.91. 144,010 shares of the stock traded hands, compared to its average volume of 188,243. The firm's 50-day moving average price is $57.49 and its two-hundred day moving average price is $56.39. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $1.90 billion, a PE ratio of 22.15, a PEG ratio of 2.87 and a beta of 0.61. SJW Group has a twelve month low of $51.17 and a twelve month high of $70.43.

SJW Group (NYSE:SJW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. The firm had revenue of $176.17 million for the quarter, compared to analysts' expectations of $165.10 million. SJW Group had a net margin of 12.48% and a return on equity of 7.10%. As a group, analysts anticipate that SJW Group will post 2.76 EPS for the current year.

SJW Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $1.60 annualized dividend and a yield of 2.72%. SJW Group's dividend payout ratio (DPR) is currently 60.15%.

SJW Group Profile

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.