SJW Group (NYSE:SJW) Receives $66.00 Average PT from Analysts

Shares of SJW Group (NYSE:SJW) have been assigned a consensus rating of “Hold” from the four analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $66.00.

Separately, StockNews.com raised SJW Group from a “sell” rating to a “hold” rating in a research report on Friday, April 26th.

SJW Group Stock Down 2.6 %

Shares of NYSE:SJW opened at $53.35 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.25. The company has a fifty day simple moving average of $54.84 and a 200 day simple moving average of $57.64. The firm has a market cap of $1.72 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 2.65 and a beta of 0.61. SJW Group has a 12-month low of $51.17 and a 12-month high of $73.14.

SJW Group (NYSE:SJW) last released its earnings results on Thursday, April 25th. The utilities provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $149.38 million during the quarter, compared to analyst estimates of $140.60 million. SJW Group had a net margin of 12.48% and a return on equity of 6.98%. On average, equities research analysts anticipate that SJW Group will post 2.75 EPS for the current fiscal year.

SJW Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 6th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Friday, May 3rd. SJW Group’s dividend payout ratio (DPR) is currently 60.15%.

Insider Activity

In other SJW Group news, insider Craig J. Patla sold 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $55.62, for a total transaction of $77,868.00. Following the transaction, the insider now owns 3,300 shares of the company’s stock, valued at approximately $183,546. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SJW. C M Bidwell & Associates Ltd. acquired a new stake in shares of SJW Group during the 4th quarter worth $35,000. Quadrant Capital Group LLC boosted its stake in SJW Group by 760.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,228 shares of the utilities provider’s stock valued at $146,000 after buying an additional 1,969 shares in the last quarter. SG Americas Securities LLC boosted its stake in 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 buying an additional 1,679 shares in the last quarter. Inceptionr LLC acquired a new stake in SJW Group in the fourth quarter valued at about $220,000. Finally, Canvas Wealth Advisors LLC bought a new position in SJW Group in the first quarter valued at about $235,000. 84.29% of the stock is owned by institutional investors and hedge funds.

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.