SJW Group (NYSE:SJW) Coverage Initiated by Analysts at StockNews.com

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

A number of other research analysts have also commented on the company. 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, February 3rd. Wells Fargo & Company boosted their price target on shares of SJW Group from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 29th.

SJW Group Stock Performance

The stock has a 50 day moving average price of $53.68 and a 200-day moving average price of $52.73. The company has a market cap of $1.88 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 3.94 and a beta of 0.58. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. SJW Group has a 1 year low of $44.91 and a 1 year high of $62.18.

SJW Group Dividend Announcement

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

Institutional Investors Weigh In On SJW Group

Several hedge funds have recently bought and sold shares of the business. Quarry LP boosted its stake in shares of SJW Group by 123.4% during the 4th quarter. Quarry LP now owns 668 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 369 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of SJW Group by 64.4% during the fourth quarter. Russell Investments Group Ltd. now owns 766 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 300 shares during the period. Hughes Financial Services LLC acquired a new position in SJW Group in the first quarter worth about $47,000. Sterling Capital Management LLC raised its stake in SJW Group by 842.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,055 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 943 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of SJW Group by 190.5% during the first quarter. GAMMA Investing LLC now owns 1,342 shares of the utilities provider’s stock worth $73,000 after buying an additional 880 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

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.