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

SJW Group (NYSE:SJWGet Free Report) has received an average recommendation of “Hold” from the three research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $64.00.

A number of analysts have weighed in on the stock. Bank of America began coverage on shares of SJW Group in a report on Friday, September 20th. They set a “neutral” rating and a $65.00 target price on the stock. Wells Fargo & Company raised their target price on shares of SJW Group from $62.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th.

Read Our Latest Analysis on SJW

SJW Group Stock Performance

Shares of SJW Group stock opened at $58.47 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.49 and a current ratio of 0.49. SJW Group has a 1 year low of $51.17 and a 1 year high of $70.43. The firm’s 50-day simple moving average is $58.51 and its 200-day simple moving average is $56.64. The firm has a market cap of $1.91 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 3.42 and a beta of 0.62.

SJW Group (NYSE:SJWGet Free Report) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. SJW Group had a return on equity of 7.10% and a net margin of 12.48%. The company had revenue of $176.17 million for the quarter, compared to the consensus estimate of $165.10 million. Equities analysts forecast that SJW Group will post 2.75 earnings per share for the current fiscal year.

SJW Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 5th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Monday, August 5th. SJW Group’s payout ratio is 58.82%.

Institutional Investors Weigh In On SJW Group

Large investors have recently made changes to their positions in the company. CWM LLC increased its position in SJW Group by 184.2% in the 2nd quarter. CWM LLC now owns 520 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 337 shares during the period. Chris Bulman Inc acquired a new position in shares of SJW Group during the second quarter valued at $30,000. C M Bidwell & Associates Ltd. bought a new stake in shares of SJW Group during the fourth quarter valued at about $35,000. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of SJW Group by 576.5% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 761 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in SJW Group by 87.0% in the first quarter. SG Americas Securities LLC now owns 3,608 shares of the utilities provider’s stock worth $204,000 after purchasing an additional 1,679 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

SJW Group Company Profile

(Get Free Report

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.

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