SJW Group (NYSE:SJW) Receives Consensus Rating of “Hold” from Analysts

SJW Group (NYSE:SJW) has earned a consensus recommendation of “Hold” from the three analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $63.00.

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Bank of America began coverage on SJW Group in a research note on Friday, September 20th. They set a “neutral” rating and a $65.00 price objective for the company. Finally, Wells Fargo & Company lowered their target price on SJW Group from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th.

SJW Group Price Performance

Shares of NYSE SJW opened at $49.38 on Friday. SJW Group has a 52 week low of $48.83 and a 52 week high of $66.41. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. The firm has a market cap of $1.62 billion, a P/E ratio of 17.89, a P/E/G ratio of 3.26 and a beta of 0.62. The business’s 50 day moving average price is $54.37 and its 200 day moving average price is $56.43.

SJW Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders 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 yield of 3.24%. SJW Group’s payout ratio is 57.97%.

Institutional Investors Weigh In On SJW Group

A number of institutional investors have recently modified their holdings of the business. Chris Bulman Inc acquired a new stake in SJW Group in the second quarter valued at approximately $30,000. Point72 DIFC Ltd lifted its position in shares of SJW Group by 81.4% during the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after buying an additional 316 shares in the last quarter. nVerses Capital LLC acquired a new stake in SJW Group in the 3rd quarter valued at $46,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in SJW Group by 576.5% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 761 shares in the last quarter. Finally, US Bancorp DE raised its position in SJW Group by 53.8% during the third quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 439 shares during the period. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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.