Brokerages Set SJW Group (NYSE:SJW) Price Target at $75.00

Shares of SJW Group (NYSE:SJWGet Rating) have been assigned an average rating of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $75.00.

A number of equities research analysts recently commented on SJW shares. Zacks Investment Research lowered shares of SJW Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. StockNews.com assumed coverage on shares of SJW Group in a research note on Thursday, March 31st. They set a “hold” rating for the company. Seaport Res Ptn upgraded SJW Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 25th. Finally, Barclays boosted their target price on shares of SJW Group from $70.00 to $73.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 15th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its position in SJW Group by 24.5% during the first quarter. FMR LLC now owns 548,854 shares of the utilities provider’s stock worth $33,886,000 after acquiring an additional 108,003 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of SJW Group in the 1st quarter worth about $16,536,000. Wells Fargo & Company MN increased its position in SJW Group by 28.2% in the second quarter. Wells Fargo & Company MN now owns 42,566 shares of the utilities provider’s stock worth $2,694,000 after buying an additional 9,352 shares during the period. Morgan Stanley increased its position in SJW Group by 16.5% in the 2nd quarter. Morgan Stanley now owns 72,679 shares of the utilities provider’s stock valued at $4,601,000 after acquiring an additional 10,269 shares during the period. Finally, Phoenix Holdings Ltd. bought a new position in shares of SJW Group in the third quarter valued at approximately $293,000. Institutional investors and hedge funds own 73.21% of the company’s stock.

SJW Group stock opened at $67.50 on Friday. SJW Group has a 1 year low of $61.04 and a 1 year high of $73.69. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $2.04 billion, a P/E ratio of 33.42 and a beta of 0.51. The business has a 50 day moving average of $66.89 and a 200-day moving average of $68.41.

SJW Group (NYSE:SJWGet Rating) last issued its quarterly earnings results on Thursday, February 17th. The utilities provider reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.06). SJW Group had a return on equity of 5.32% and a net margin of 10.54%. The business had revenue of $139.74 million for the quarter, compared to the consensus estimate of $140.88 million. During the same quarter last year, the business posted $0.46 earnings per share. Equities analysts anticipate that SJW Group will post 2.37 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 1st. Shareholders of record on Monday, February 7th were paid a $0.36 dividend. The ex-dividend date was Friday, February 4th. This is an increase from SJW Group’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.13%. SJW Group’s dividend payout ratio (DPR) is 71.29%.

About SJW Group (Get Rating)

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 and wastewater services. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services and sewer operations to water utilities; and a Linebacker protection plan for public drinking water customers in Connecticut and Maine.

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