Analysts Set SJW Group (NYSE:SJW) PT at $59.00

Shares of SJW Group (NYSE:SJW) have earned an average rating of “Hold” from the three brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $59.00.

A number of research firms have weighed in on SJW. StockNews.com lowered SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Wells Fargo & Company lowered 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 report on Tuesday, January 7th.

SJW Group Trading Up 0.1 %

Shares of NYSE SJW opened at $48.03 on Thursday. SJW Group has a fifty-two week low of $44.91 and a fifty-two week high of $63.34. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 3.33 and a beta of 0.65. The business’s 50 day moving average price is $51.48 and its 200-day moving average price is $55.86.

SJW Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were issued a $0.40 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.33%. SJW Group’s dividend payout ratio is presently 57.97%.

Institutional Investors Weigh In On SJW Group

Hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd raised its holdings in SJW Group by 81.4% in the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 316 shares in the last quarter. nVerses Capital LLC bought a new position in shares of SJW Group during the 3rd quarter worth approximately $46,000. Point72 Asia Singapore Pte. Ltd. lifted its position in 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 acquiring an additional 761 shares during the last quarter. US Bancorp DE boosted its stake in SJW Group by 53.8% in the third quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock valued at $73,000 after acquiring an additional 439 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in SJW Group in the third quarter worth $140,000. 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.