Shares of SJW Group (NYSE:SJW – Get Free Report) have earned a consensus rating of “Hold” from the four ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $66.00.
Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of SJW Group from $61.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Seaport Res Ptn raised SJW Group from a “neutral” rating to a “buy” rating in a research note on Monday, February 26th. Finally, StockNews.com lowered SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th.
Read Our Latest Stock Report on SJW
Institutional Investors Weigh In On SJW Group
SJW Group Stock Up 0.6 %
Shares of NYSE:SJW opened at $56.61 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.58 and a current ratio of 0.58. SJW Group has a 52-week low of $54.39 and a 52-week high of $81.86. The firm has a market capitalization of $1.81 billion, a P/E ratio of 21.20, a P/E/G ratio of 2.69 and a beta of 0.58. The stock has a 50 day moving average price of $59.00 and a 200-day moving average price of $61.92.
SJW Group (NYSE:SJW – Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The business had revenue of $171.34 million for the quarter, compared to analysts’ expectations of $161.23 million. SJW Group had a net margin of 12.68% and a return on equity of 7.10%. During the same period last year, the business earned $1.09 earnings per share. As a group, equities research analysts anticipate that SJW Group will post 2.76 EPS for the current fiscal year.
SJW Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 5th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 2nd. This is an increase from SJW Group’s previous quarterly dividend of $0.19. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.83%. SJW Group’s dividend payout ratio is presently 59.93%.
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.
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