Gabelli Funds LLC Buys 255 Shares of SJW Group (NYSE:SJW)

Gabelli Funds LLC lifted its holdings in shares of SJW Group (NYSE:SJW) by 0.2% during the 1st quarter, Holdings Channel reports. The firm owned 146,255 shares of the utilities provider’s stock after purchasing an additional 255 shares during the period. Gabelli Funds LLC’s holdings in SJW Group were worth $8,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of SJW Group by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 2,465,745 shares of the utilities provider’s stock worth $161,136,000 after purchasing an additional 78,289 shares during the period. Nuance Investments LLC increased its holdings in shares of SJW Group by 18.9% during the first quarter. Nuance Investments LLC now owns 1,331,827 shares of the utilities provider’s stock worth $75,368,000 after purchasing an additional 211,638 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of SJW Group by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 724,742 shares of the utilities provider’s stock worth $47,363,000 after acquiring an additional 27,301 shares in the last quarter. KBC Group NV boosted its position in shares of SJW Group by 16.2% during the 4th quarter. KBC Group NV now owns 474,598 shares of the utilities provider’s stock worth $31,015,000 after acquiring an additional 66,238 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of SJW Group by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 311,031 shares of the utilities provider’s stock worth $20,326,000 after acquiring an additional 14,853 shares in the last quarter. 84.29% of the stock is owned by institutional investors.

Insider Transactions at SJW Group

In other news, insider Craig J. Patla sold 1,400 shares of SJW Group stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $55.62, for a total transaction of $77,868.00. Following the transaction, the insider now owns 3,300 shares in the company, valued at $183,546. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SJW. StockNews.com upgraded shares of SJW Group from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Wells Fargo & Company increased their price target on shares of SJW Group from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $66.33.

SJW Group Price Performance

SJW Group stock traded down $0.79 during mid-day trading on Friday, reaching $60.87. The company had a trading volume of 171,942 shares, compared to its average volume of 185,178. SJW Group has a fifty-two week low of $51.17 and a fifty-two week high of $72.17. The company has a current ratio of 0.49, a quick ratio of 0.55 and a debt-to-equity ratio of 1.22. The company has a market cap of $1.96 billion, a P/E ratio of 22.88, a P/E/G ratio of 2.95 and a beta of 0.61. The business has a fifty day simple moving average of $55.26 and a 200 day simple moving average of $56.73.

SJW Group (NYSE:SJW) last issued its earnings results on Thursday, April 25th. The utilities provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $149.38 million for the quarter, compared to analyst estimates of $140.60 million. SJW Group had a net margin of 12.48% and a return on equity of 7.10%. On average, equities research analysts predict that SJW Group will post 2.75 earnings per share for the current year.

SJW Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, August 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.63%. SJW Group’s dividend payout ratio (DPR) is presently 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.