Shares of SJW Group (NYSE:SJW) have been given an average rating of “Buy” by the six analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $71.67.
SJW has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of SJW Group from a “sell” rating to a “hold” rating in a research note on Friday, August 23rd. Wells Fargo & Co set a $80.00 price target on shares of SJW Group and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Janney Montgomery Scott reaffirmed a “buy” rating and set a $71.00 price target on shares of SJW Group in a research note on Thursday, September 5th. Finally, ValuEngine raised shares of SJW Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st.
Several institutional investors have recently added to or reduced their stakes in SJW. Oakworth Capital Inc. acquired a new stake in shares of SJW Group in the second quarter worth $36,000. Advisory Services Network LLC increased its position in shares of SJW Group by 50.6% in the second quarter. Advisory Services Network LLC now owns 732 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 246 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of SJW Group by 23.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,525 shares of the utilities provider’s stock worth $94,000 after acquiring an additional 288 shares in the last quarter. Cutler Group LP increased its position in shares of SJW Group by 18.8% in the first quarter. Cutler Group LP now owns 1,897 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 300 shares in the last quarter. Finally, Quantamental Technologies LLC increased its position in shares of SJW Group by 161.3% in the second quarter. Quantamental Technologies LLC now owns 1,957 shares of the utilities provider’s stock worth $119,000 after acquiring an additional 1,208 shares in the last quarter. 68.00% of the stock is owned by institutional investors.
NYSE:SJW traded down $0.68 during trading hours on Tuesday, reaching $67.90. 279,759 shares of the company were exchanged, compared to its average volume of 90,523. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.97 and a quick ratio of 3.97. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 7.97 and a beta of 0.03. SJW Group has a 52-week low of $51.82 and a 52-week high of $70.20. The stock has a 50 day simple moving average of $66.42 and a 200 day simple moving average of $63.17.
SJW Group (NYSE:SJW) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. The company had revenue of $102.97 million for the quarter, compared to the consensus estimate of $101.00 million. SJW Group had a net margin of 10.89% and a return on equity of 7.45%. On average, analysts predict that SJW Group will post 2.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, August 2nd. SJW Group’s payout ratio is currently 47.81%.
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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