StockNews.com Upgrades SJW Group (NYSE:SJW) to Hold

StockNews.com upgraded shares of SJW Group (NYSE:SJW - Free Report) from a sell rating to a hold rating in a research note published on Friday morning.

SJW has been the topic of a number of other reports. Wells Fargo & Company boosted their target price on shares of SJW Group from $53.00 to $57.00 and gave the stock an "equal weight" rating in a report on Friday. Bank of America upgraded SJW Group from a "neutral" rating to a "buy" rating and reduced their target price for the company from $59.00 to $55.00 in a report on Monday, February 3rd.

SJW Group Stock Performance

SJW stock traded up $0.12 during trading on Friday, reaching $54.47. 234,758 shares of the company's stock were exchanged, compared to its average volume of 288,514. The firm has a market cap of $1.78 billion, a PE ratio of 19.74, a P/E/G ratio of 3.94 and a beta of 0.65. The company's fifty day moving average price is $49.92 and its 200-day moving average price is $54.31. SJW Group has a 1-year low of $44.91 and a 1-year high of $62.18. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25.

SJW Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a dividend of $0.42 per share. This is a boost from SJW Group's previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, February 10th. SJW Group's payout ratio is currently 58.95%.

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Institutional Investors Weigh In On SJW Group

Large investors have recently bought and sold shares of the business. Duff & Phelps Investment Management Co. bought a new position in shares of SJW Group during the third quarter valued at $1,593,000. Geode Capital Management LLC raised its holdings in shares of SJW Group by 1.9% in the third quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider's stock valued at $42,006,000 after buying an additional 13,614 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of SJW Group by 5.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider's stock worth $21,499,000 after buying an additional 20,646 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in SJW Group by 11.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 38,063 shares of the utilities provider's stock valued at $1,873,000 after acquiring an additional 3,952 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of SJW Group by 195.7% during the 4th quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider's stock valued at $1,571,000 after acquiring an additional 21,123 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

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.