Zacks: SJW Group (SJW) Given Average Rating of “Strong Buy” by Analysts

Shares of SJW Group (NYSE:SJW) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus target price of $63.00 for the company and are predicting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned SJW Group an industry rank of 177 out of 265 based on the ratings given to its competitors.

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Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its holdings in SJW Group by 58.3% during the third quarter. Russell Investments Group Ltd. now owns 45,685 shares of the utilities provider’s stock worth $2,586,000 after acquiring an additional 16,828 shares during the period. Macquarie Group Ltd. grew its holdings in SJW Group by 411.4% during the third quarter. Macquarie Group Ltd. now owns 11,251 shares of the utilities provider’s stock worth $637,000 after acquiring an additional 9,051 shares during the period. Prudential Financial Inc. grew its holdings in SJW Group by 16.2% during the third quarter. Prudential Financial Inc. now owns 123,878 shares of the utilities provider’s stock worth $7,011,000 after acquiring an additional 17,287 shares during the period. Schroder Investment Management Group grew its holdings in SJW Group by 3.1% during the third quarter. Schroder Investment Management Group now owns 159,261 shares of the utilities provider’s stock worth $9,146,000 after acquiring an additional 4,739 shares during the period. Finally, Old Mutual Global Investors UK Ltd. grew its holdings in SJW Group by 84.9% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 2,734 shares of the utilities provider’s stock worth $174,000 after acquiring an additional 1,255 shares during the period. 55.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SJW Group (NYSE SJW) traded down $1.25 during midday trading on Friday, reaching $51.96. The company’s stock had a trading volume of 138,472 shares, compared to its average volume of 87,878. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.79 and a current ratio of 0.79. SJW Group has a one year low of $45.39 and a one year high of $69.29. The stock has a market capitalization of $1,102.71, a PE ratio of 18.17 and a beta of 0.23.

SJW Group (NYSE:SJW) last released its earnings results on Wednesday, February 21st. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The business had revenue of $93.53 million for the quarter, compared to analyst estimates of $83.00 million. SJW Group had a return on equity of 10.57% and a net margin of 15.21%. equities analysts predict that SJW Group will post 2.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Monday, February 12th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Friday, February 9th. 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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SJW Group Company Profile

SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.

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