SJW Group (SJW) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SJW Group in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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6 equities research analysts have issued 1 year price targets for SJW Group's stock. Their SJW share price forecasts range from $65.00 to $85.00. On average, they expect the company's stock price to reach $79.00 in the next year. This suggests a possible upside of 6.7% 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 8.8% and is now trading at $74.01.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our SJW earnings forecast.

SJW Group (NYSE:SJW) announced its quarterly earnings results on Monday, May, 1st. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.09. The utilities provider earned $137.30 million during the quarter, compared to analyst estimates of $134.02 million. SJW Group had a net margin of 12.88% and a trailing twelve-month return on equity of 7.57%. During the same quarter last year, the business earned $0.09 earnings per share.

SJW Group declared a quarterly dividend on Monday, May 1st. Investors of record on Monday, May 8th will be given a dividend of $0.38 per share on Thursday, June 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Friday, May 5th. This is an increase 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), Invesco Water Resources ETF (PHO), First Trust Water ETF (FIW), ProShares Russell US Dividend Growers ETF (TMDV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco S&P Global Water Index ETF (CGW), ETC 6 Meridian Small Cap Equity ETF (SIXS) and Global X Clean Water ETF (AQWA).

SJW Group (NYSE:SJW) pays an annual dividend of $1.52 per share and currently has a dividend yield of 1.99%. 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 57.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SJW will have a dividend payout ratio of 56.72% 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, May, 1st. The company provided EPS guidance of $2.40-$2.50 for the period, compared to the consensus EPS estimate of $2.46. 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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.01%), State Street Corp (10.54%), Nuance Investments LLC (3.46%), Dimensional Fund Advisors LP (2.10%), Geode Capital Management LLC (1.63%) and American Century Companies Inc. (1.26%). Insiders that own company stock include Andrew F Walters, Andrew Gere, Carl Guardino, Craig J Patla, Daniel B More, 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 $74.01.

SJW Group (NYSE:SJW) has a market capitalization of $2.33 billion and generates $620.70 million in revenue each year. The utilities provider earns $73.83 million in net income (profit) each year or $2.66 on an earnings per share basis.

The company employs 751 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.