SJW Group (NYSE:SJW) Given Consensus Rating of “Hold” by Analysts

SJW Group (NYSE:SJW) has received an average recommendation of “Hold” from the three analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $63.00.

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

Hedge Funds Weigh In On SJW Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nuance Investments LLC increased its stake in shares of SJW Group by 17.5% in the second quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider’s stock worth $84,877,000 after buying an additional 233,601 shares during the period. Bank of New York Mellon Corp raised its stake in shares of 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 acquiring an additional 4,357 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of SJW Group by 29.4% in the third quarter. Assenagon Asset Management S.A. now owns 212,299 shares of the utilities provider’s stock worth $12,337,000 after purchasing an additional 48,200 shares during the last quarter. ProShare Advisors LLC lifted its holdings in SJW Group by 16.2% in the 1st quarter. ProShare Advisors LLC now owns 142,844 shares of the utilities provider’s stock worth $8,084,000 after buying an additional 19,925 shares during the period. Finally, Clean Yield Group raised its holdings in shares of SJW Group by 4.7% during the second quarter. Clean Yield Group now owns 120,949 shares of the utilities provider’s stock valued at $6,558,000 after acquiring an additional 5,460 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors.

SJW Group Stock Down 1.4 %

SJW stock opened at $54.87 on Friday. The company’s 50 day moving average is $58.25 and its 200 day moving average is $56.92. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 3.36 and a beta of 0.62. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 1.25. SJW Group has a 1-year low of $51.17 and a 1-year high of $70.43.

SJW Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Monday, November 4th. SJW Group’s dividend payout ratio (DPR) is presently 57.97%.

About SJW Group

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.