Brokerages Set SJW Group (NYSE:SJW) PT at $59.00

Shares of SJW Group (NYSE:SJW - Get Free Report) have earned a consensus recommendation of "Hold" from the three research firms that are currently covering the company, MarketBeat.com 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 1 year price target among brokers that have covered the stock in the last year is $59.00.

SJW has been the subject of several research analyst reports. StockNews.com lowered SJW Group from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th. Wells Fargo & Company lowered their price objective on shares of SJW Group from $61.00 to $53.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Finally, Bank of America began coverage on shares of SJW Group in a research report on Friday, September 20th. They issued a "neutral" rating and a $65.00 price objective on the stock.

SJW Group Trading Up 3.1 %

NYSE:SJW traded up $1.43 on Thursday, reaching $47.98. The company's stock had a trading volume of 191,849 shares, compared to its average volume of 215,755. SJW Group has a 1-year low of $44.91 and a 1-year high of $63.40. The business's 50-day moving average price is $51.95 and its two-hundred day moving average price is $55.98. The firm has a market cap of $1.57 billion, a PE ratio of 17.38, 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 Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 purchasing an additional 20,646 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of SJW Group by 29.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 212,299 shares of the utilities provider's stock valued at $12,337,000 after purchasing an additional 48,200 shares during the period. Millennium Management LLC lifted its stake in SJW Group by 2,491.2% in the 2nd 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. Finally, FMR LLC grew its holdings in SJW Group by 37.5% during the third quarter. FMR LLC now owns 92,386 shares of the utilities provider's stock worth $5,369,000 after purchasing an additional 25,212 shares during the period. 84.29% of the stock is currently owned by institutional investors.

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.