Shares of SJW Group (NYSE:SJW) have earned a consensus recommendation of “Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $66.33.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised SJW Group from a “hold” rating to a “strong-buy” rating and set a $70.00 price target on the stock in a research report on Thursday, April 25th. Wells Fargo & Co set a $72.00 price target on SJW Group and gave the stock a “buy” rating in a research report on Friday, April 26th. UBS Group assumed coverage on SJW Group in a research report on Wednesday, May 15th. They set a “neutral” rating and a $64.00 price target on the stock. Finally, ValuEngine downgraded SJW Group from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC grew its position in shares of SJW Group by 35,654.3% during the 4th quarter. FMR LLC now owns 440,851 shares of the utilities provider’s stock valued at $24,520,000 after acquiring an additional 439,618 shares during the period. Maple Brown Abbott Ltd acquired a new stake in shares of SJW Group during the 4th quarter valued at about $23,294,000. BlackRock Inc. grew its position in shares of SJW Group by 22.3% during the 1st quarter. BlackRock Inc. now owns 1,811,979 shares of the utilities provider’s stock valued at $111,871,000 after acquiring an additional 330,871 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of SJW Group during the 1st quarter valued at about $16,536,000. Finally, Shelter Harbor Advisors LP acquired a new stake in shares of SJW Group during the 4th quarter valued at about $13,905,000. 68.06% of the stock is currently owned by institutional investors.
NYSE SJW opened at $61.37 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.63 and a current ratio of 5.63. SJW Group has a 1 year low of $51.82 and a 1 year high of $68.42. The firm has a market capitalization of $1.76 billion, a P/E ratio of 24.45, a PEG ratio of 4.38 and a beta of 0.08.
SJW Group (NYSE:SJW) last released its earnings results on Wednesday, April 24th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.13. SJW Group had a return on equity of 8.37% and a net margin of 10.83%. The firm had revenue of $77.68 million for the quarter, compared to the consensus estimate of $77.00 million. On average, analysts expect that SJW Group will post 2.35 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, May 3rd. SJW Group’s dividend payout ratio is currently 47.81%.
About SJW Group
SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.
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