SJW Group (NYSE:SJW) Receives $59.00 Average Target Price from Brokerages

SJW Group (NYSE:SJW) has been given a consensus recommendation of “Hold” by the three research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $59.00.

SJW has been the topic of several recent analyst reports. StockNews.com downgraded SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Wells Fargo & Company reduced their price objective on shares of SJW Group from $61.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th.

Institutional Trading of SJW Group

A number of large investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in SJW Group by 2,491.2% during the second quarter. Millennium Management LLC now owns 113,781 shares of the utilities provider’s stock valued at $6,169,000 after purchasing an additional 109,390 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in SJW Group by 29.4% in the third quarter. Assenagon Asset Management S.A. now owns 212,299 shares of the utilities provider’s stock worth $12,337,000 after buying an additional 48,200 shares during the last quarter. Barclays PLC boosted its stake in SJW Group by 376.0% during the third quarter. Barclays PLC now owns 60,140 shares of the utilities provider’s stock worth $3,495,000 after buying an additional 47,506 shares during the period. Cubist Systematic Strategies LLC increased its position in SJW Group by 445.4% during the second quarter. Cubist Systematic Strategies LLC now owns 45,946 shares of the utilities provider’s stock valued at $2,491,000 after acquiring an additional 37,521 shares during the last quarter. Finally, Edgestream Partners L.P. increased its position in SJW Group by 120.1% during the third quarter. Edgestream Partners L.P. now owns 52,072 shares of the utilities provider’s stock valued at $3,026,000 after acquiring an additional 28,417 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

SJW Group Trading Up 0.1 %

Shares of SJW stock opened at $48.03 on Thursday. The stock has a fifty day simple moving average of $51.48 and a two-hundred day simple moving average of $55.86. SJW Group has a 52-week low of $44.91 and a 52-week high of $63.34. The firm has a market capitalization of $1.57 billion, a PE ratio of 17.40, a PEG ratio of 3.33 and a beta of 0.65. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77.

SJW Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Monday, November 4th. SJW Group’s payout ratio is presently 57.97%.

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.