SJW Group (NYSE:SJW) Receives $63.00 Consensus Price Target from Analysts

Shares of SJW Group (NYSE:SJW) have earned a consensus rating of “Hold” from the three brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $63.00.

A number of research firms have recently weighed in on SJW. Bank of America started coverage on SJW Group in a research report on Friday, September 20th. They issued a “neutral” rating and a $65.00 price objective for the company. StockNews.com downgraded SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Wells Fargo & Company cut their price objective on shares of SJW Group from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th.

SJW Group Trading Up 0.8 %

NYSE:SJW opened at $49.96 on Friday. The firm has a 50 day moving average of $54.57 and a 200 day moving average of $56.45. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. SJW Group has a 52 week low of $48.83 and a 52 week high of $66.71. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 3.26 and a beta of 0.62.

SJW Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a yield of 3.20%. SJW Group’s dividend payout ratio (DPR) is 57.97%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Raymond James & Associates increased its holdings in SJW Group by 8.8% in the 2nd quarter. Raymond James & Associates now owns 113,852 shares of the utilities provider’s stock worth $6,173,000 after buying an additional 9,165 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of SJW Group by 2.8% during the second quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the utilities provider’s stock worth $802,000 after purchasing an additional 400 shares during the last quarter. Bank of New York Mellon Corp lifted its position in SJW Group by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 339,990 shares of the utilities provider’s stock valued at $18,434,000 after purchasing an additional 4,357 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in SJW Group by 6.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 41,414 shares of the utilities provider’s stock valued at $2,245,000 after purchasing an additional 2,667 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in SJW Group by 144.6% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 64,359 shares of the utilities provider’s stock valued at $3,490,000 after purchasing an additional 38,044 shares during the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

SJW Group Company Profile

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.