SJW Group (SJW) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SJW Group in the last twelve months. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" SJW shares.
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5 brokers have issued 1-year price targets for SJW Group's stock. Their SJW share price forecasts range from $67.00 to $84.00. On average, they expect the company's stock price to reach $76.25 in the next twelve months. This suggests a possible upside of 23.0% 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 stock has decreased by 23.7% and is now trading at $61.98.
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SJW Group saw a decrease in short interest in August. As of August 15th, there was short interest totaling 702,400 shares, a decrease of 33.7% from the July 31st total of 1,060,000 shares. Based on an average trading volume of 235,000 shares, the short-interest ratio is currently 3.0 days.
View SJW Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our SJW earnings forecast.

SJW Group (NYSE:SJW) issued its quarterly earnings data on Monday, July, 31st. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The utilities provider earned $156.90 million during the quarter, compared to the consensus estimate of $160.27 million. SJW Group had a net margin of 13.77% and a trailing twelve-month return on equity of 7.89%. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS.

SJW Group declared a quarterly dividend on Monday, July 31st. Investors of record on Monday, August 7th will be paid a dividend of $0.38 per share on Friday, September 1st. This represents a $1.52 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Friday, August 4th. This is a boost from the stock's previous quarterly dividend of $0.19.
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 (NYSE:SJW) pays an annual dividend of $1.52 per share and currently has a dividend yield of 2.45%. The company has been increasing its dividend for 56 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 53.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SJW will have a dividend payout ratio of 56.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SJW.

SJW Group issued an update on its FY 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share guidance of $2.40-$2.50 for the period, compared to the consensus estimate of $2.47. The company issued revenue guidance of -.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SJW."

SJW Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.50%), State Street Corp (10.85%), Cerity Partners LLC (5.07%), Dimensional Fund Advisors LP (2.12%), Geode Capital Management LLC (1.82%) and Northern Trust Corp (1.67%). Insiders that own company stock include Andrew F Walters, 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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One share of SJW stock can currently be purchased for approximately $61.98.

SJW Group (NYSE:SJW) has a market capitalization of $1.97 billion and generates $620.70 million in revenue each year. The utilities provider earns $73.83 million in net income (profit) each year or $2.86 on an earnings per share basis.

The company employs 757 workers across the globe.

SJW Group's mailing address is 110 WEST TAYLOR STREET, SAN JOSE CA, 95110. The official website for the company is www.sjwgroup.com. The utilities provider can be reached via phone at (408) 279-7800, via email at boardofdirectors@sjwater.com, or via fax at 408-279-7917.