SJW Group (NYSE:SJW) Downgraded to Hold at ValuEngine

ValuEngine cut shares of SJW Group (NYSE:SJW) from a buy rating to a hold rating in a research note issued to investors on Friday morning, ValuEngine reports.

Several other equities research analysts have also recently commented on the company. Wells Fargo & Co set a $80.00 price objective on SJW Group and gave the company a buy rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. began coverage on SJW Group in a research report on Friday, November 15th. They set a neutral rating and a $73.00 price objective on the stock. Zacks Investment Research cut SJW Group from a strong-buy rating to a hold rating in a research report on Thursday, November 7th. Macquarie began coverage on SJW Group in a research report on Monday, October 7th. They set an outperform rating and a $79.00 price objective on the stock. Finally, Janney Montgomery Scott reaffirmed a buy rating and set a $71.00 price objective on shares of SJW Group in a research report on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $74.83.

NYSE SJW opened at $70.52 on Friday. SJW Group has a 12 month low of $51.82 and a 12 month high of $74.47. The stock has a market cap of $2.01 billion, a P/E ratio of 28.10, a P/E/G ratio of 10.00 and a beta of -0.01. The stock’s fifty day moving average price is $70.78 and its 200-day moving average price is $66.31. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.57.

SJW Group (NYSE:SJW) last released its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.41). SJW Group had a net margin of 9.59% and a return on equity of 5.27%. The business had revenue of $114.00 million for the quarter, compared to analysts’ expectations of $127.00 million. As a group, analysts forecast that SJW Group will post 1.77 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 7th. This is a boost from SJW Group’s previous quarterly dividend of $0.19. This represents a $1.20 annualized dividend and a dividend yield of 1.70%. SJW Group’s dividend payout ratio (DPR) is 47.81%.

In other SJW Group news, Director Valer Robert A. Van acquired 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average cost of $67.21 per share, with a total value of $504,075.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 8.20% of the company’s stock.

A number of large investors have recently made changes to their positions in SJW. Oakworth Capital Inc. purchased a new position in SJW Group in the second quarter worth about $36,000. Advisory Services Network LLC boosted its position in SJW Group by 50.6% in the second quarter. Advisory Services Network LLC now owns 732 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 246 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in SJW Group in the third quarter worth about $70,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in SJW Group by 18.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,810 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 285 shares during the last quarter. Finally, Quantamental Technologies LLC boosted its position in SJW Group by 161.3% in the second quarter. Quantamental Technologies LLC now owns 1,957 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 1,208 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for SJW Group (NYSE:SJW)

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