SJW Group (NYSE:SJW) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of SJW Group (NYSE:SJW) in a research report report published on Wednesday. The brokerage issued a hold rating on the utilities provider’s stock.

Several other research firms have also recently commented on SJW. Bank of America upgraded shares of SJW Group from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $59.00 to $55.00 in a report on Monday, February 3rd. Wells Fargo & Company upped their price target on shares of SJW Group from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 29th.

SJW Group Stock Performance

The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 3.94 and a beta of 0.58. The stock’s fifty day moving average is $53.68 and its two-hundred day moving average is $52.73. SJW Group has a 12-month low of $44.91 and a 12-month high of $62.18. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25.

SJW Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.68 dividend on an annualized basis and a dividend yield of ∞. SJW Group’s dividend payout ratio (DPR) is 56.38%.

Hedge Funds Weigh In On SJW Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D lifted its stake in shares of SJW Group by 11.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 38,063 shares of the utilities provider’s stock valued at $1,873,000 after purchasing an additional 3,952 shares during the period. SG Americas Securities LLC grew its holdings in SJW Group by 195.7% in the fourth quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider’s stock valued at $1,571,000 after purchasing an additional 21,123 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of SJW Group in the 4th quarter worth $574,000. Barclays PLC grew its stake in SJW Group by 376.0% during the third quarter. Barclays PLC now owns 60,140 shares of the utilities provider’s stock worth $3,495,000 after buying an additional 47,506 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of SJW Group in the fourth quarter valued at about $1,942,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

SJW Group Company Profile

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.