SJW Group (SJW) Given Consensus Recommendation of “Hold” by Analysts

Shares of SJW Group (NYSE:SJW) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation. SJW Group’s rating score has declined by 200% from 90 days ago as a result of various analysts’ ratings changes.

Brokers have set a twelve-month consensus price target of $63.00 for the company and are anticipating that the company will post $0.72 EPS for the current quarter, according to Zacks. Zacks has also given SJW Group an industry rank of 239 out of 255 based on the ratings given to its competitors.

A number of analysts have recently issued reports on SJW shares. Janney Montgomery Scott lowered SJW Group from a “buy” rating to a “neutral” rating in a research note on Thursday, April 26th. ValuEngine raised SJW Group from a “hold” rating to a “buy” rating in a research note on Friday, April 27th.

SJW traded up $0.81 during trading on Friday, hitting $67.00. The company’s stock had a trading volume of 162,900 shares, compared to its average volume of 123,160. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.94. SJW Group has a twelve month low of $47.56 and a twelve month high of $69.29. The firm has a market cap of $1.34 billion, a P/E ratio of 29.64 and a beta of 0.23.

SJW Group (NYSE:SJW) last issued its quarterly earnings data on Wednesday, April 25th. The utilities provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. SJW Group had a return on equity of 10.42% and a net margin of 14.38%. The company had revenue of $75.04 million for the quarter, compared to analyst estimates of $71.00 million. equities research analysts forecast that SJW Group will post 2.38 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Monday, May 7th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Friday, May 4th. SJW Group’s dividend payout ratio is presently 49.56%.

Large investors have recently modified their holdings of the company. Almanack Investment Partners LLC. acquired a new stake in shares of SJW Group in the fourth quarter worth approximately $111,000. Old Mutual Global Investors UK Ltd. boosted its stake in shares of SJW Group by 84.9% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 2,734 shares of the utilities provider’s stock worth $174,000 after acquiring an additional 1,255 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new stake in shares of SJW Group in the first quarter worth approximately $214,000. Raymond James & Associates acquired a new stake in shares of SJW Group in the fourth quarter worth approximately $220,000. Finally, Wolverine Trading LLC acquired a new stake in shares of SJW Group in the fourth quarter worth approximately $307,000. 56.23% of the stock is currently owned by hedge funds and other institutional investors.

About SJW Group

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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