SJW Group (NYSE:SJW) declared a quarterly dividend on Wednesday, July 29th, Zacks reports. Shareholders of record on Monday, August 10th will be given a dividend of 0.32 per share by the utilities provider on Tuesday, September 1st. This represents a $1.28 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, August 7th.
SJW Group has increased its dividend payment by an average of 48.2% per year over the last three years and has increased its dividend annually for the last 52 consecutive years. SJW Group has a payout ratio of 58.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect SJW Group to earn $2.47 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 51.8%.
SJW stock traded down $1.10 during trading hours on Friday, hitting $62.47. 1,284 shares of the stock were exchanged, compared to its average volume of 95,388. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $1.78 billion, a P/E ratio of 91.33, a P/E/G ratio of 2.27 and a beta of 0.27. SJW Group has a 12 month low of $45.60 and a 12 month high of $74.99. The company has a 50-day simple moving average of $62.54 and a two-hundred day simple moving average of $63.58.
SJW Group (NYSE:SJW) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.26). The firm had revenue of $115.75 million for the quarter, compared to analyst estimates of $104.80 million. SJW Group had a return on equity of 4.67% and a net margin of 4.35%. On average, equities research analysts predict that SJW Group will post 2.05 earnings per share for the current year.
A number of equities analysts have issued reports on SJW shares. Zacks Investment Research raised SJW Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Wells Fargo & Co dropped their price target on SJW Group from $78.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. Royal Bank of Canada assumed coverage on shares of SJW Group in a research report on Friday, April 24th. They set an “outperform” rating and a $68.00 price objective on the stock. Finally, Seaport Global Securities assumed coverage on shares of SJW Group in a research report on Wednesday, May 20th. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. SJW Group presently has an average rating of “Buy” and a consensus target price of $70.83.
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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