SJW Gr Stock (NYSE:SJW), Trade Ideas

SJW Gr

SJW Group is a U.S. water utility services holding company that provides, stores, purifies and distributes water. The company predominantly operates in various Californian municipalities and also has operations in other states. Its operating segments include Water Utility Services and Real Estate Services. The majority of the company's revenue is derived from its water utility services segment.

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U.S. stocks traded higher, with the Nasdaq Composite gaining more than 100 points on Monday. Here are some big stocks recording gains in today’s session.

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Short Ideas

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As of the close of business on Tuesday, 6/13, we captured the Top 10 Highest Short Interest % stocks within the Utilities sector.

The average short interest for stocks within the Utilities sector stands at 1.94%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.

Short Interest Sector Focus: Utilities Sector

SJW Group

Management

Tanya Moniz-Witten Joins San Jose Water As President

Seaport Global analyst Angie Storozynski upgrades SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) from Neutral to Buy and announces $68 price target.

Upgrades

Price Target

Analyst Ratings

Seaport Global Upgrades SJW Gr to Buy, Announces $68 Price Target

SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.57 by 3.51 percent. The company reported quarterly sales of $171.34 million which beat the analyst consensus estimate of $161.00 million by 6.42 percent. This is a 0.02 percent decrease over sales of $171.37 million the same period last year.

Earnings

Earnings Beats

SJW Gr Q4 2023 GAAP EPS $0.59 Beats $0.57 Estimate, Sales $171.34M Beat $161.00M Estimate

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Earnings Scheduled For February 21, 2024

SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-21. Here's what investors need to know before the announcement.
Analysts estimate that SJW Gr will report an earnings per share (EPS) of $0.60. 
SJW Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.17, which was followed by a 2.12% increase in the share price the next day.
Here's a look at SJW Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.96</td>
<td>0.58</td>
<td>0.18</td>
<td>1.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.13</td>
<td>0.58</td>
<td>0.37</td>
<td>1.09</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.12%</td>
<td>-1.46%</td>
<td>-0.15%</td>
<td>0.13%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708444881_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of SJW Gr were trading at $60.45 as of February 19. Over the last 52-week period, shares are down 21.18%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SJW/earnings">To track all earnings releases for SJW Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: SJW Gr

Thursday marks the last chance for investors to receive the next dividend payout from SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 40 cents per share. On Friday, SJW Gr will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 40 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SJW as of the end of Thursday's session are eligible to receive the 40 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 01, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on SJW Gr's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

SJW Gr: Dividend Insights

<ul>
<li>5.3% increase in annual dividend</li>
<li>56 years of annual dividend increases</li>
</ul>
The Board of Directors of SJW Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) has declared a quarterly cash dividend of $0.40 per share payable on March 1, 2024, to all shareholders of record at the close of business on Feb. 5, 2024.
The March dividend will represent a 5.3% increase over the dividend paid in December 2023. The 2024 annualized dividend will be $1.60 per share compared with $1.52 per share in 2023.
"Today's action by our board to increase the annual dividend demonstrates its continuing confidence in SJW Group's mission and employees," said President, Chief Executive Officer and Chair of the Board Eric W. Thornburg. "Our team of trusted, passionate and socially responsible professionals is committed to delivering life-sustaining, high-quality water and exceptional service while protecting the environment, enhancing our communities and delivering value for shareholders."
Dividends have been paid on SJW Group's and its predecessor's common stock for more than 80 years, and the annual dividend amount has increased in each of the past 56 years, placing SJW Group in an exclusive group of companies on the New York Stock Exchange.

SJW Group Announces 2024 Quarterly Dividend Increase From $0.38 To $0.40 Per Share

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Shares of utilities stocks are trading higher amid a drop in Treasury yields following softer-than-expected October CPI data.

Thursday marks the last chance for investors to receive the next dividend payout from SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 38 cents per share. On Friday, SJW Gr will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 38 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SJW as of the end of Thursday's session are eligible to receive the 38 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 01, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on SJW Gr's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

SJW Gr's Ex-Dividend Date Is Friday, Here's What You Need To Know

U.S. stocks traded higher, with the Nasdaq Composite gaining more than 100 points on Monday. Here are some big stocks recording gains in today&rsquo;s session.
<ul>
<li>ImmunityBio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibrx#NASDAQ">IBRX</a>) shares rose 19.4% to $2.9600. The FDA recently accepted ImmunityBio&#39;s resubmission of its Biologics License Application for N-803 as complete.</li>
<li>Deciphera Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dcph#NASDAQ">DCPH</a>) surged 18.5% to $12.03 after the company announced its study of patients with TGCT met its primary and secondary endpoint.</li>
<li>JinkoSolar Holding Co., Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jks#NYSE">JKS</a>) gained 16% to $30.01 following better-than-expected quarterly results.</li>
<li>Daqo New Energy Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dq#NYSE">DQ</a>) climbed 15% to $26.82 following quarterly results.</li>
<li>Vitru Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtru#NASDAQ">VTRU</a>) gained 14.4% to $14.46. Vitru is expected to report its third quarter 2023 financial results on Nov. 09, 2023.</li>
<li>Lumentum Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lite#NASDAQ">LITE</a>) gained 13.2% to $40.83 as the company announced plans to buy Cloud Light Technology for around $750 million.</li>
<li>Day One Biopharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dawn#NASDAQ">DAWN</a>) surged 12.5% to $11.45 after the company announced the FDA accepted its NDA for tovorafenib in relapsed or progressive pediatric low-grade glioma, granted priority review and assigned a PDUFA date of April 30, 2024.</li>
<li>XPO, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpo#NYSE">XPO</a>) rose 12.2% to $75.54 after the company reported better-than-expected third-quarter financial results.</li>
<li>HUTCHMED (China) Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcm#NASDAQ">HCM</a>) gained 12.2% to $20.73.</li>
<li>BeiGene, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bgne#NASDAQ">BGNE</a>) climbed 11.2% to $189.60. BeiGene recently said BRUKINSA received a positive recommendation from NICE in the UK for adult patients with chronic lymphocytic leukemia.</li>
<li>Cipher Mining Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cifr#NASDAQ">CIFR</a>) rose 10.8% to $3.68.</li>
<li>Western Digital Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wdc#NASDAQ">WDC</a>) gained 10.3% to $42.99 after the company reported first-quarter results and announced a plan to separate its HDD and Flash businesses.</li>
<li>NerdWallet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrds#NASDAQ">NRDS</a>) rose 9.5% to $10.22.</li>
<li>Alexander&#39;s, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alx#NYSE">ALX</a>) climbed 8.8% to $194.99 following third-quarter results.</li>
<li>Spirit Realty Capital, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/src#NYSE">SRC</a>) rose 8.8% to $35.22 after Realty Income agreed to acquire the company in a $9.3 billion all-stock transaction.</li>
<li>Pagaya Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgy#NASDAQ">PGY</a>) gained 8.8% to $1.2200.</li>
<li>Zai Lab Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zlab#NASDAQ">ZLAB</a>) climbed 8.5% to $25.50.</li>
<li>Chart Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gtls#NASDAQ">GTLS</a>) gained 7.7% to $118.43.</li>
<li>Viridian Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrdn#NASDAQ">VRDN</a>) rose 7.7% to $13.33 as the company named Stephen Mahoney as new Chief Executive Officer. The company unveiled next generation FcRn inhibitor programs and announced a $185 million private placement financing.</li>
<li>TG Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgtx#NASDAQ">TGTX</a>) gained 7.5% to $7.48.</li>
<li>Summit Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smmt#NASDAQ">SMMT</a>) rose 6.6% to $1.93.</li>
<li>SJW Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sjw#NYSE">SJW</a>) climbed 4.3% to $61.19 following strong quarterly results.</li>
</ul>
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Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35490630/ethereum-tops-this-key-level-axie-infinity-emerges-as-top-gainer"> Ethereum Tops This Key Level; Axie Infinity Emerges As Top Gainer</a>

Guidance

SJW Group Reaffirms Non-Linear Long-Term EPS Growth Of 5%-7%, Anchored Off Of 2022 EPS Of $2.43

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Earnings Scheduled For October 30, 2023

SJW Gr Raised FY23 EPS Guidance To $2.65-$2.70 (Vs. Consensus $2.47) From $2.40-$2.50

SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $0.96 by 17.71 percent. This is a 37.8 percent increase over earnings of $0.82 per share from the same period last year. The company reported quarterly sales of $204.84 million which beat the analyst consensus estimate of $187.50 million by 9.25 percent. This is a 16.40 percent increase over sales of $175.98 million the same period last year.

SJW Gr Q3 EPS $1.13 Beats $0.96 Estimate, Sales $204.84M Beat $187.50M Estimate

SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) is set to give its latest quarterly earnings report on Monday, 2023-10-30. Here's what investors need to know before the announcement.
Analysts estimate that SJW Gr will report an earnings per share (EPS) of $0.96. 
SJW Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.00, which was followed by a 1.46% drop in the share price the next day.
Here's a look at SJW Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.58</td>
<td>0.18</td>
<td>1.03</td>
<td>0.65</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.58</td>
<td>0.37</td>
<td>1.09</td>
<td>0.82</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.46%</td>
<td>-0.15%</td>
<td>0.13%</td>
<td>4.28%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1698418910_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of SJW Gr were trading at $59.54 as of October 26. Over the last 52-week period, shares are down 16.21%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SJW/earnings">To track all earnings releases for SJW Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Wells Fargo analyst Jonathan Reeder upgrades SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) from Underweight to Equal-Weight and announces $61 price target.

Wells Fargo Upgrades SJW Gr to Equal-Weight, Announces $61 Price Target

UBS analyst Ross Fowler maintains SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) with a Neutral and lowers the price target from $78 to $60.

UBS Maintains Neutral on SJW Gr, Lowers Price Target to $60

Wells Fargo analyst Jonathan Reeder maintains SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) with a Underweight and lowers the price target from $72 to $67.

Wells Fargo Maintains Underweight on SJW Gr, Lowers Price Target to $67

RBC Capital analyst Shelby Tucker maintains SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) with a Sector Perform and lowers the price target from $85 to $76.

RBC Capital Maintains Sector Perform on SJW Gr, Lowers Price Target to $76

Thursday marks the last chance for investors to receive the next dividend payout from SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 38 cents per share. On Friday, SJW Gr will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 38 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SJW as of the end of Thursday's session are eligible to receive the 38 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on September 01, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on SJW Gr's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Thursday Is Your Last Chance To Buy SJW Gr Before The Dividend Payout

Dividend Champion, Contender, And Challenger Highlights: Week Of February 25

SJW (SJW – Research Report), the Utilities sector company, was revisited by a Wall Street analyst today. Analyst Angie Storozynski from Seaport Glo...

Strategic Acquisition and Growth Prospects Justify Buy Rating for SJW Group

RBC Capital analyst Shelby Tucker maintained a Hold rating on SJW (SJW – Research Report) on February 29 and set a price target of $66.00. The comp...

RBC Capital Sticks to Its Hold Rating for SJW (SJW)

SJW Group names Tanya Moniz-Witten as president of San Jose Water

Warning: SJW is at high risk of performing badly

55 March Dividend Kings: Buy 8; Watch 4

RSPU: Utilities Sector Dashboard For March

55 April Dividend Kings: Buy 8, Watch 8

SJW Group: The Dividend Aristocrat Approaches A Buy Zone

SJW Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) stock seems to be trading at its best buying point in nearly a decade. The California-based regulated water utility has seen i...

SJW Group Stock (NYSE:SJW): Best Buying Point in Nearly a Decade

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