SJW Group Stock Price, News & Analysis (NYSE:SJW)

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SJW Group in the last year. There are currently 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SJW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SJW, but not buy additional shares or sell existing shares.
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5 Wall Street research analysts have issued 1-year price objectives for SJW Group's stock. Their SJW share price targets range from $60.00 to $84.00. On average, they expect the company's stock price to reach $70.25 in the next twelve months. This suggests a possible upside of 3.5% from the stock's current price.
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SJW Group's stock was trading at $81.19 at the beginning of the year. Since then, SJW shares have decreased by 16.4% and is now trading at $67.90.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our SJW earnings forecast.

SJW Group (NYSE:SJW) released its quarterly earnings data on Monday, October, 30th. The utilities provider reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.17. The utilities provider had revenue of $204.80 million for the quarter, compared to the consensus estimate of $186.93 million. SJW Group had a net margin of 14.85% and a trailing twelve-month return on equity of 8.53%. The firm's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 EPS.

SJW Group declared a quarterly dividend on Monday, October 30th. Investors of record on Monday, November 6th will be paid a dividend of $0.38 per share on Friday, December 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Friday, November 3rd. This is a positive change from the stock's previous quarterly dividend of $0.19.
Read our dividend analysis for SJW.

SJW Group (NYSE:SJW) pays an annual dividend of $1.52 per share and currently has a dividend yield of 2.27%. The company has been increasing its dividend for 55 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 47.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SJW will have a dividend payout ratio of 55.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SJW.

ETFs with the largest weight of SJW Group (NYSE:SJW) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), First Trust Water ETF (FIW), Invesco S&P Global Water Index ETF (CGW), Invesco Water Resources ETF (PHO), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Global X Clean Water ETF (AQWA), iShares Environmental Infrastructure and Industrials ETF (EFRA) and Ecofin Global Water ESG Fund (EBLU).

SJW Group updated its FY23 earnings guidance on Monday, October, 30th. The company provided earnings per share guidance of $2.65-2.70 for the period, compared to the consensus estimate of $2.46.

5 employees have rated SJW Group Chief Executive Officer Rich Roth on Glassdoor.com. Rich Roth has an approval rating of 60% among the company's employees. This puts Rich Roth in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other SJW Group investors own include California Water Service Group (CWT), Johnson & Johnson (JNJ), Williams Companies (WMB), McDonald's (MCD), Altria Group (MO), Pfizer (PFE), Aflac (AFL), Colgate-Palmolive (CL), Medtronic (MDT) and PepsiCo (PEP).

SJW Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Nuance Investments LLC (3.56%), Invesco Ltd. (2.78%), Northern Trust Corp (1.71%), American Century Companies Inc. (1.35%), Morgan Stanley (1.17%) and Legal & General Group Plc (1.08%). Insiders that own company stock include Andrew Gere, Carl Guardino, Craig J Patla, James Patrick Lynch, Katharine Armstrong and Wendy Avila-Walker.
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Shares of SJW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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