Brokerages Set SJW Group (NYSE:SJW) Price Target at $63.00

SJW Group (NYSE:SJW - Get Free Report) has earned a consensus recommendation of "Hold" from the three ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $63.00.

SJW has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of SJW Group from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Bank of America began coverage on shares of SJW Group in a report on Friday, September 20th. They issued a "neutral" rating and a $65.00 target price on the stock. Finally, StockNews.com cut SJW Group from a "hold" rating to a "sell" rating in a report on Tuesday.

Institutional Trading of SJW Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC boosted its stake in SJW Group by 184.2% in the 2nd quarter. CWM LLC now owns 520 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 337 shares during the period. Chris Bulman Inc bought a new stake in shares of SJW Group in the second quarter valued at about $30,000. nVerses Capital LLC bought a new position in SJW Group during the third quarter worth about $46,000. Point72 Asia Singapore Pte. Ltd. raised its stake in SJW Group by 576.5% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider's stock worth $48,000 after purchasing an additional 761 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in 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 purchasing an additional 439 shares during the period. Institutional investors own 84.29% of the company's stock.

SJW Group Stock Down 1.4 %

Shares of NYSE:SJW traded down $0.77 during trading on Friday, hitting $54.89. 221,035 shares of the company were exchanged, compared to its average volume of 249,358. SJW Group has a fifty-two week low of $51.17 and a fifty-two week high of $70.43. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 3.37 and a beta of 0.63. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 1.25. The firm has a fifty day moving average price of $58.25 and a two-hundred day moving average price of $56.92.

SJW Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is 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.