SJW Group (NYSE:SJW) Receives $63.00 Consensus Target Price from Analysts

Shares of SJW Group (NYSE:SJW) have been given a consensus recommendation of “Hold” by the three ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $63.00.

A number of research firms have recently commented on SJW. StockNews.com cut SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Bank of America initiated coverage on SJW Group in a research report on Friday, September 20th. They issued a “neutral” rating and a $65.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on SJW Group from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th.

SJW Group Price Performance

SJW stock opened at $49.96 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. SJW Group has a 12 month low of $48.83 and a 12 month high of $66.71. The stock has a market cap of $1.63 billion, a PE ratio of 18.10, a P/E/G ratio of 3.26 and a beta of 0.62. The company has a 50-day moving average price of $54.57 and a 200 day moving average price of $56.45.

SJW Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a $0.40 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.60 annualized dividend and a yield of 3.20%. SJW Group’s dividend payout ratio (DPR) is currently 57.97%.

Institutional Investors Weigh In On SJW Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Chris Bulman Inc purchased a new stake in shares of SJW Group in the 2nd quarter worth approximately $30,000. Point72 DIFC Ltd lifted its holdings 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 buying an additional 316 shares during the period. nVerses Capital LLC bought a new stake in SJW Group during the 3rd quarter valued at $46,000. Point72 Asia Singapore Pte. Ltd. boosted its position in 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 acquiring an additional 761 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of SJW Group by 53.8% in the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock valued at $73,000 after acquiring an additional 439 shares during the period. 84.29% of the stock is owned by institutional investors.

About SJW Group

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.