SJW Group (NYSE:SJW) Price Target Increased to $63.00 by Analysts at Wells Fargo & Company

SJW Group (NYSE:SJW) had its target price increased by Wells Fargo & Company from $62.00 to $63.00 in a report published on Friday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the utilities provider’s stock.

Separately, StockNews.com upgraded shares of SJW Group from a sell rating to a hold rating in a research note on Friday, April 26th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $66.33.

SJW Group Trading Down 1.2 %

NYSE SJW opened at $60.91 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.55 and a current ratio of 0.49. The firm has a market cap of $1.96 billion, a PE ratio of 22.90, a P/E/G ratio of 2.99 and a beta of 0.61. SJW Group has a one year low of $51.17 and a one year high of $72.17. The firm’s fifty day moving average is $55.26 and its two-hundred day moving average is $56.78.

SJW Group (NYSE:SJW) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $149.38 million for the quarter, compared to analyst estimates of $140.60 million. SJW Group had a net margin of 12.48% and a return on equity of 7.10%. Analysts expect that SJW Group will post 2.75 earnings per share for the current year.

SJW Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, August 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.63%. SJW Group’s dividend payout ratio (DPR) is 60.15%.

Insider Transactions at SJW Group

In related news, insider Craig J. Patla sold 1,400 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $55.62, for a total transaction of $77,868.00. Following the sale, the insider now owns 3,300 shares of the company’s stock, valued at $183,546. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Institutional Trading of SJW Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in SJW Group by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 2,465,745 shares of the utilities provider’s stock worth $161,136,000 after buying an additional 78,289 shares in the last quarter. Nuance Investments LLC lifted its holdings in shares of SJW Group by 18.9% in the first quarter. Nuance Investments LLC now owns 1,331,827 shares of the utilities provider’s stock valued at $75,368,000 after purchasing an additional 211,638 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of SJW Group by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 724,742 shares of the utilities provider’s stock valued at $47,363,000 after purchasing an additional 27,301 shares in the last quarter. KBC Group NV lifted its holdings in shares of SJW Group by 16.2% in the fourth quarter. KBC Group NV now owns 474,598 shares of the utilities provider’s stock valued at $31,015,000 after purchasing an additional 66,238 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of SJW Group by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 339,990 shares of the utilities provider’s stock valued at $18,434,000 after purchasing an additional 4,357 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

About SJW Group

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.