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

SJW Group (NYSE:SJW) has been assigned an average recommendation of “Hold” from the three analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $63.00.

SJW has been the topic of a number of research analyst reports. Bank of America started coverage on shares of SJW Group in a research report on Friday, September 20th. They set a “neutral” rating and a $65.00 price target for the company. StockNews.com lowered shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company dropped their price objective 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 Trading Up 0.8 %

Shares of SJW stock opened at $55.72 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 3.35 and a beta of 0.63. SJW Group has a 52-week low of $51.17 and a 52-week high of $70.43. The company has a 50-day simple moving average of $56.70 and a two-hundred day simple moving average of $56.95.

SJW Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a $0.40 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 2.87%. SJW Group’s payout ratio is currently 57.97%.

Institutional Trading of SJW Group

A number of large investors have recently modified their holdings of SJW. CWM LLC lifted its holdings in shares of SJW Group by 184.2% during the 2nd quarter. CWM LLC now owns 520 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 337 shares during the last quarter. Chris Bulman Inc purchased a new stake in SJW Group during the second quarter valued at about $30,000. Point72 DIFC Ltd lifted its stake in 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 purchasing an additional 316 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of SJW Group in the 3rd quarter worth about $46,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in shares of SJW Group by 576.5% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 761 shares during the last quarter. 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.