SJW Group (NYSE:SJW) Receives $64.00 Consensus Price Target from Brokerages

Shares of SJW Group (NYSE:SJW) have received a consensus recommendation of “Hold” from the three brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $64.00.

Several equities research analysts recently commented on SJW shares. Bank of America started coverage on SJW Group in a report on Friday, September 20th. They set a “neutral” rating and a $65.00 target price on the stock. Wells Fargo & Company increased their price objective on SJW Group from $62.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th.

SJW Group Price Performance

Shares of NYSE:SJW opened at $56.37 on Tuesday. SJW Group has a 12 month low of $51.17 and a 12 month high of $70.43. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 3.53 and a beta of 0.62. The stock’s 50 day moving average price is $58.59 and its 200 day moving average price is $56.61. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.49 and a quick ratio of 0.49.

SJW Group (NYSE:SJW) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. SJW Group had a return on equity of 7.10% and a net margin of 12.48%. The firm had revenue of $176.17 million for the quarter, compared to analysts’ expectations of $165.10 million. Equities research analysts anticipate that SJW Group will post 2.75 earnings per share for the current fiscal year.

SJW Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were given a dividend of $0.40 per share. The ex-dividend date was Monday, August 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.84%. SJW Group’s dividend payout ratio (DPR) is presently 60.15%.

Institutional Investors Weigh In On SJW Group

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC lifted its holdings in shares of SJW Group by 184.2% in the second quarter. CWM LLC now owns 520 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 337 shares in the last quarter. Chris Bulman Inc purchased a new stake in shares of SJW Group in the second quarter valued at $30,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of SJW Group in the fourth quarter valued at $35,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of SJW Group by 576.5% in the second 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 in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of SJW Group by 87.0% in the first quarter. SG Americas Securities LLC now owns 3,608 shares of the utilities provider’s stock valued at $204,000 after purchasing an additional 1,679 shares in the last quarter. 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.