SJW Group (NYSE:SJW) Shares Sold by First National Corp MA ADV

First National Corp MA ADV lessened its holdings in SJW Group (NYSE:SJW) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,853 shares of the utilities provider’s stock after selling 1,791 shares during the quarter. First National Corp MA ADV’s holdings in SJW Group were worth $1,624,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in SJW Group in the second quarter worth $28,000. US Bancorp DE boosted its holdings in SJW Group by 263.8% in the second quarter. US Bancorp DE now owns 462 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 335 shares during the period. Lazard Asset Management LLC acquired a new position in SJW Group in the fourth quarter worth $57,000. NewEdge Advisors LLC boosted its holdings in SJW Group by 1,822.7% in the first quarter. NewEdge Advisors LLC now owns 846 shares of the utilities provider’s stock worth $64,000 after purchasing an additional 802 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in SJW Group by 160.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,100 shares of the utilities provider’s stock worth $83,000 after purchasing an additional 678 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

SJW Group Stock Performance

Shares of SJW opened at $56.63 on Thursday. SJW Group has a 1 year low of $54.39 and a 1 year high of $81.86. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 2.68 and a beta of 0.58. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a fifty day moving average of $58.40 and a 200-day moving average of $61.69.

SJW Group (NYSE:SJW) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). SJW Group had a net margin of 12.68% and a return on equity of 7.10%. The firm had revenue of $171.34 million for the quarter, compared to analyst estimates of $161.23 million. During the same period last year, the firm posted $1.09 EPS. As a group, equities analysts anticipate that SJW Group will post 2.76 earnings per share for the current year.

SJW Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 5th were paid a dividend of $0.40 per share. This is a boost from SJW Group’s previous quarterly dividend of $0.19. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Friday, February 2nd. SJW Group’s payout ratio is currently 59.93%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of SJW Group from $61.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. StockNews.com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Finally, Seaport Res Ptn raised shares of SJW Group from a “neutral” rating to a “buy” rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, SJW Group presently has a consensus rating of “Hold” and an average target price of $66.00.

About SJW Group

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.