SJW Group (SJW) Lifted to “Outperform” at Evercore ISI

Evercore ISI upgraded shares of SJW Group (NYSE:SJW) from an in-line rating to an outperform rating in a research report report published on Wednesday, MarketBeat Ratings reports.

A number of other equities research analysts also recently commented on SJW. Zacks Investment Research raised shares of SJW Group from a sell rating to a hold rating in a research report on Wednesday, August 22nd. ValuEngine downgraded shares of SJW Group from a buy rating to a hold rating in a research report on Tuesday, August 28th. Finally, Janney Montgomery Scott upgraded shares of SJW Group from a neutral rating to a buy rating and set a $63.00 price target on the stock in a research note on Monday, September 10th.

NYSE:SJW opened at $54.21 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.91. SJW Group has a 12 month low of $51.26 and a 12 month high of $68.42. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 24.06 and a beta of 0.04.

SJW Group (NYSE:SJW) last posted its earnings results on Wednesday, October 24th. The utilities provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.20). SJW Group had a return on equity of 10.92% and a net margin of 12.04%. The company had revenue of $124.85 million during the quarter, compared to the consensus estimate of $127.00 million. On average, sell-side analysts forecast that SJW Group will post 2.19 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 5th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, November 2nd. SJW Group’s dividend payout ratio is presently 49.56%.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of SJW Group by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,024,163 shares of the utilities provider’s stock worth $62,627,000 after acquiring an additional 13,510 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of SJW Group by 4.0% during the 3rd quarter. Legal & General Group Plc now owns 73,416 shares of the utilities provider’s stock worth $4,490,000 after acquiring an additional 2,807 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of SJW Group by 28.7% during the 3rd quarter. Teachers Advisors LLC now owns 40,840 shares of the utilities provider’s stock worth $2,497,000 after acquiring an additional 9,104 shares during the last quarter. IndexIQ Advisors LLC boosted its stake in shares of SJW Group by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 43,127 shares of the utilities provider’s stock worth $2,637,000 after acquiring an additional 1,629 shares during the last quarter. Finally, MetLife Investment Advisors LLC boosted its stake in shares of SJW Group by 58.4% during the 3rd quarter. MetLife Investment Advisors LLC now owns 11,713 shares of the utilities provider’s stock worth $716,000 after acquiring an additional 4,319 shares during the last quarter. Institutional investors and hedge funds own 54.86% of the company’s stock.

SJW Group Company Profile

SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.

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