SJW Group (NYSE:SJW) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of SJW Group (NYSE:SJW) have received an average rating of “Moderate Buy” from the three ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $54.00.

A number of analysts have recently issued reports on the stock. Bank of America raised shares of SJW Group from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $59.00 to $55.00 in a research note on Monday, February 3rd. Wells Fargo & Company reduced their price objective on shares of SJW Group from $61.00 to $53.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, StockNews.com cut shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

SJW Group Stock Down 0.6 %

SJW opened at $52.36 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. SJW Group has a 1-year low of $44.91 and a 1-year high of $62.18. The company has a market capitalization of $1.71 billion, a PE ratio of 18.97, a PEG ratio of 3.89 and a beta of 0.65. The firm’s 50 day simple moving average is $49.78 and its two-hundred day simple moving average is $54.77.

SJW Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.21%. This is a boost from SJW Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, February 10th. SJW Group’s dividend payout ratio (DPR) is presently 57.97%.

Hedge Funds Weigh In On SJW Group

Institutional investors have recently bought and sold shares of the stock. Quarry LP grew its stake in SJW Group by 123.4% during the fourth quarter. Quarry LP now owns 668 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 369 shares in the last quarter. Point72 DIFC Ltd grew its stake in SJW Group by 81.4% during the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 316 shares in the last quarter. Russell Investments Group Ltd. grew its stake in SJW Group by 64.4% during the fourth quarter. Russell Investments Group Ltd. now owns 766 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 300 shares in the last quarter. nVerses Capital LLC purchased a new position in SJW Group during the third quarter valued at $46,000. Finally, Sterling Capital Management LLC grew its stake in SJW Group by 842.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,055 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 943 shares in the last quarter. 84.29% of the stock is 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.