SJW Group (NYSE:SJW) Receives Average Recommendation of “Hold” from Analysts

SJW Group (NYSE:SJW) has earned an average rating of “Hold” from the three brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $59.00.

SJW has been the subject of a number of recent analyst reports. Bank of America started coverage on SJW Group in a report on Friday, September 20th. They set a “neutral” rating and a $65.00 price objective for the company. StockNews.com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company decreased their price target on shares of SJW Group from $61.00 to $53.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th.

SJW Group Stock Up 0.8 %

Shares of NYSE SJW opened at $46.55 on Thursday. SJW Group has a 1 year low of $44.91 and a 1 year high of $65.15. The firm has a 50-day simple moving average of $52.15 and a two-hundred day simple moving average of $56.04. The company has a market cap of $1.52 billion, a P/E ratio of 16.87, a PEG ratio of 3.26 and a beta of 0.65. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77.

SJW Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Monday, November 4th. SJW Group’s dividend payout ratio (DPR) is 57.97%.

Hedge Funds Weigh In On SJW Group

A number of large investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd grew its stake in shares of SJW Group by 81.4% during the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 316 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of SJW Group during the third quarter worth $46,000. Point72 Asia Singapore Pte. Ltd. grew its holdings 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 buying an additional 761 shares during the last quarter. US Bancorp DE raised its stake in SJW Group by 53.8% in the 3rd 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 last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in SJW Group during the 3rd quarter worth about $140,000. 84.29% of the stock is currently owned by institutional investors.

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.