Shares of SJW Group (NYSE:SJW) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus target price of $63.00 for the company and are anticipating that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also assigned SJW Group an industry rank of 132 out of 265 based on the ratings given to related companies.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in SJW Group by 14.7% in the fourth quarter. BlackRock Inc. now owns 1,283,440 shares of the utilities provider’s stock worth $81,921,000 after purchasing an additional 164,429 shares in the last quarter. Dimensional Fund Advisors LP raised its position in SJW Group by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 700,239 shares of the utilities provider’s stock worth $39,634,000 after purchasing an additional 5,226 shares in the last quarter. Renaissance Technologies LLC raised its position in SJW Group by 4.6% in the fourth quarter. Renaissance Technologies LLC now owns 437,700 shares of the utilities provider’s stock worth $27,938,000 after purchasing an additional 19,400 shares in the last quarter. State Street Corp raised its position in SJW Group by 5.3% in the second quarter. State Street Corp now owns 351,294 shares of the utilities provider’s stock worth $17,283,000 after purchasing an additional 17,598 shares in the last quarter. Finally, Millennium Management LLC raised its position in SJW Group by 25.5% in the fourth quarter. Millennium Management LLC now owns 253,306 shares of the utilities provider’s stock worth $16,169,000 after purchasing an additional 51,508 shares in the last quarter. 55.10% of the stock is owned by hedge funds and other institutional investors.
Shares of SJW Group (SJW) traded up $1.80 on Friday, hitting $53.96. 316,203 shares of the stock were exchanged, compared to its average volume of 83,946. The firm has a market capitalization of $1,117.92, a price-to-earnings ratio of 18.87 and a beta of 0.23. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.79 and a quick ratio of 0.79. SJW Group has a 1-year low of $45.39 and a 1-year high of $69.29.
SJW Group (NYSE:SJW) last announced its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The business had revenue of $93.53 million during the quarter, compared to analyst estimates of $83.00 million. SJW Group had a net margin of 15.21% and a return on equity of 10.57%. equities research analysts predict that SJW Group will post 2.52 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Monday, February 12th were given a dividend of $0.28 per share. The ex-dividend date was Friday, February 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.08%. This is a positive change from SJW Group’s previous quarterly dividend of $0.22. SJW Group’s dividend payout ratio is currently 39.16%.
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About SJW Group
SJW Group, formerly SJW Corp., is a holding company. The Company’s subsidiaries include San Jose Water Company, SJWTX, Inc and SJW Land Company. SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). It operates through the segments, which include Water Utility Services, Real Estate Services and All Other.
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