SJW Group (SJW) Getting Positive Media Coverage, Study Shows

Media stories about SJW Group (NYSE:SJW) have trended positive on Wednesday, AlphaOne reports. The research group, a division of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. SJW Group earned a media sentiment score of 0.29 on AlphaOne’s scale. AlphaOne also gave news articles about the utilities provider an impact score of 60 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have impacted AlphaOne Sentiment Analysis’s analysis:

SJW Group (NYSE SJW) traded up 0.49% during mid-day trading on Wednesday, hitting $51.40. 71,995 shares of the company traded hands. The firm has a 50 day moving average of $48.85 and a 200 day moving average of $50.37. The firm has a market capitalization of $1.05 billion, a P/E ratio of 19.86 and a beta of 0.25. SJW Group has a one year low of $35.07 and a one year high of $56.93.

SJW Group (NYSE:SJW) last posted its earnings results on Wednesday, April 26th. The utilities provider reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.04. The firm had revenue of $69.05 million for the quarter, compared to the consensus estimate of $64 million. SJW Group had a return on equity of 13.23% and a net margin of 15.89%. Equities research analysts expect that SJW Group will post $2.14 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 8th were issued a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Thursday, May 4th. SJW Group’s dividend payout ratio (DPR) is presently 32.34%.

Separately, Zacks Investment Research lowered shares of SJW Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd.

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SJW Group Company Profile

SJW Group, formerly SJW Corp., is a holding company. The Company’s subsidiaries include San Jose Water Company, SJWTX, Inc, SJW Land Company and Texas Water Alliance Limited (TWA). SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). It operates through the segments, which include Water Utility Services, Real Estate Services and All Other.

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