SJW Group (NYSE:SJW) Given Consensus Recommendation of “Hold” by Brokerages

SJW Group (NYSE:SJW) has earned an average recommendation of “Hold” from the three analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $59.00.

Several research firms recently issued reports on SJW. Bank of America started coverage on shares of SJW Group in a research note on Friday, September 20th. They issued a “neutral” rating and a $65.00 target price for the company. StockNews.com lowered shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company reduced their price target on SJW Group from $61.00 to $53.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th.

Institutional Investors Weigh In On SJW Group

Hedge funds have recently modified their holdings of the business. Ensign Peak Advisors Inc boosted its holdings in shares of SJW Group by 16.9% during the 2nd quarter. Ensign Peak Advisors Inc now owns 18,358 shares of the utilities provider’s stock worth $995,000 after purchasing an additional 2,650 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of SJW Group by 8.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 64,492 shares of the utilities provider’s stock worth $3,497,000 after acquiring an additional 4,925 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of SJW Group by 445.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 45,946 shares of the utilities provider’s stock worth $2,491,000 after acquiring an additional 37,521 shares during the period. Squarepoint Ops LLC boosted its position in shares of SJW Group by 38.8% during the 2nd quarter. Squarepoint Ops LLC now owns 20,481 shares of the utilities provider’s stock valued at $1,110,000 after acquiring an additional 5,726 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of SJW Group by 576.5% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 761 shares during the period. 84.29% of the stock is currently owned by institutional investors and hedge funds.

SJW Group Stock Performance

NYSE SJW opened at $46.55 on Thursday. SJW Group has a fifty-two week low of $44.91 and a fifty-two week high of $65.15. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market capitalization of $1.52 billion, a P/E ratio of 16.87, a PEG ratio of 3.26 and a beta of 0.65. The stock has a 50-day simple moving average of $52.15 and a two-hundred day simple moving average of $56.04.

SJW Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.44%. SJW Group’s payout ratio is currently 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.