SJW Group (NYSE:SJW) Stock Price Up 4% – What’s Next?

SJW Group (NYSE:SJW)’s share price rose 4% during trading on Monday . The stock traded as high as $52.23 and last traded at $52.22. Approximately 46,414 shares traded hands during trading, a decline of 84% from the average daily volume of 287,679 shares. The stock had previously closed at $50.23.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of SJW Group from $61.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. StockNews.com lowered SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, Bank of America raised SJW Group from a “neutral” rating to a “buy” rating and lowered their price target for the company from $59.00 to $55.00 in a report on Monday.

SJW Group Trading Up 3.6 %

The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 3.68 and a beta of 0.65. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average price of $50.32 and a 200 day moving average price of $55.34.

SJW Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.23%. This is a positive change from SJW Group’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, February 10th. SJW Group’s dividend payout ratio (DPR) is currently 57.97%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SJW. Ieq Capital LLC bought a new position in shares of SJW Group in the fourth quarter valued at approximately $420,000. Principal Financial Group Inc. lifted its position in SJW Group by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 146,914 shares of the utilities provider’s stock worth $7,231,000 after acquiring an additional 6,362 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position 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 last quarter. Vontobel Holding Ltd. boosted its stake in SJW Group by 1.9% during the 4th quarter. Vontobel Holding Ltd. now owns 18,930 shares of the utilities provider’s stock valued at $932,000 after purchasing an additional 349 shares during the period. Finally, Van ECK Associates Corp grew its holdings in SJW Group by 9.2% in the 4th quarter. Van ECK Associates Corp now owns 9,878 shares of the utilities provider’s stock valued at $486,000 after buying an additional 835 shares during the last quarter. 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.