SJW Group (NYSE:SJW) Receives $54.00 Average Price Target from Analysts

Shares of SJW Group (NYSE:SJW) have been assigned an average rating of “Moderate Buy” from the three analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $54.00.

Several equities analysts have commented on the stock. Bank of America raised shares of SJW Group from a “neutral” rating to a “buy” rating and decreased their target price for the company from $59.00 to $55.00 in a report on Monday, February 3rd. StockNews.com cut shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, 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 Stock Down 0.0 %

Shares of NYSE SJW opened at $52.10 on Monday. The stock has a market capitalization of $1.70 billion, a P/E ratio of 18.88, a PEG ratio of 3.89 and a beta of 0.65. The stock’s fifty day moving average is $49.80 and its 200 day moving average is $54.92. SJW Group has a 52 week low of $44.91 and a 52 week high of $62.18. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77.

SJW Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, February 10th. This is a positive change from SJW Group’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 3.22%. SJW Group’s payout ratio is 57.97%.

Institutional Investors Weigh In On SJW Group

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of SJW Group by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider’s stock valued at $128,840,000 after purchasing an additional 72,081 shares in the last quarter. Nuance Investments LLC raised its holdings in SJW Group by 4.3% in the 4th quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider’s stock valued at $61,872,000 after buying an additional 52,029 shares during the last quarter. Geode Capital Management LLC boosted its position in SJW Group by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 745,624 shares of the utilities provider’s stock worth $36,708,000 after buying an additional 22,890 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in SJW Group by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 390,911 shares of the utilities provider’s stock worth $19,241,000 after acquiring an additional 20,944 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in SJW Group by 6.2% in the 4th quarter. Bank of New York Mellon Corp now owns 327,589 shares of the utilities provider’s stock valued at $16,124,000 after acquiring an additional 19,136 shares during the period. Institutional investors and hedge funds 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.