SJW Group (NYSE:SJW) Receives $63.00 Consensus Price Target from Analysts

SJW Group (NYSE:SJW - Get Free Report) has been assigned a consensus recommendation of "Hold" from the three brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $63.00.

Several research analysts have commented on SJW shares. Wells Fargo & Company dropped their price target on SJW Group from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 29th. Bank of America started coverage on SJW Group in a research report on Friday, September 20th. They issued a "neutral" rating and a $65.00 price target on the stock. Finally, StockNews.com downgraded SJW Group from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th.

Institutional Trading of SJW Group

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC increased its position in shares of SJW Group by 184.2% during the second 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 SJW Group in the second quarter valued at $30,000. Point72 DIFC Ltd grew its position in SJW Group by 81.4% in the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 316 shares during the period. nVerses Capital LLC bought a new stake in SJW Group in the third quarter valued at $46,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in 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 acquiring an additional 761 shares during the period. 84.29% of the stock is currently owned by institutional investors.

SJW Group Stock Performance

Shares of NYSE SJW opened at $55.13 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. The business's 50 day moving average is $57.05 and its two-hundred day moving average is $57.02. The company has a market cap of $1.80 billion, a P/E ratio of 20.01, a P/E/G ratio of 3.35 and a beta of 0.63. SJW Group has a 12 month low of $51.17 and a 12 month high of $70.43.

SJW Group Dividend Announcement

The company 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Monday, November 4th. SJW Group's dividend payout ratio is presently 57.97%.

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.