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

Shares of SJW Group (NYSE:SJW) have been assigned a consensus recommendation of “Hold” from the four research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $66.33.

SJW has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of SJW Group from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Wells Fargo & Company boosted their price target on shares of SJW Group from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th.

SJW Group Trading Up 1.0 %

NYSE SJW opened at $58.37 on Monday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $1.91 billion, a PE ratio of 21.94, a P/E/G ratio of 2.87 and a beta of 0.61. SJW Group has a one year low of $51.17 and a one year high of $70.43. The firm’s fifty day moving average is $56.99 and its two-hundred day moving average is $56.43.

SJW Group (NYSE:SJW) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. The company had revenue of $176.17 million for the quarter, compared to analyst estimates of $165.10 million. SJW Group had a net margin of 12.48% and a return on equity of 7.10%. Analysts expect that SJW Group will post 2.76 earnings per share for the current year.

SJW Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 5th will be issued 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 is Monday, August 5th. SJW Group’s dividend payout ratio is currently 60.15%.

Institutional Trading of SJW Group

A number of institutional investors have recently added to or reduced their stakes in SJW. CWM LLC boosted its holdings in SJW Group by 184.2% during the second quarter. CWM LLC now owns 520 shares of the utilities provider’s stock worth $28,000 after buying an additional 337 shares in the last quarter. Chris Bulman Inc purchased a new stake in SJW Group during the second quarter worth about $30,000. C M Bidwell & Associates Ltd. purchased a new stake in SJW Group during the fourth quarter worth about $35,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings 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 worth $48,000 after buying an additional 761 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in SJW Group by 760.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,228 shares of the utilities provider’s stock worth $146,000 after buying an additional 1,969 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

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.