SJW Group (SJW) Given $68.00 Consensus Target Price by Brokerages
SJW Group (NYSE:SJW) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus target price of $68.00 for the company and are expecting that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also assigned SJW Group an industry rank of 174 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of SJW Group from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Tuesday, October 31st.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, February 9th. This represents a $1.12 annualized dividend and a dividend yield of 2.11%. This is a boost from SJW Group’s previous quarterly dividend of $0.22. SJW Group’s dividend payout ratio (DPR) is presently 32.34%.
Institutional investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of SJW Group by 651.5% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,029 shares of the utilities provider’s stock valued at $115,000 after buying an additional 1,759 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its position in shares of 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 valued at $174,000 after buying an additional 1,255 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of SJW Group by 1.2% during the second quarter. Principal Financial Group Inc. now owns 4,220 shares of the utilities provider’s stock valued at $208,000 after buying an additional 49 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of SJW Group by 14.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 5,296 shares of the utilities provider’s stock valued at $260,000 after buying an additional 664 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of SJW Group during the second quarter valued at approximately $266,000. Hedge funds and other institutional investors own 54.47% of the company’s stock.
About SJW Group
SJW Group, formerly SJW Corp., is a holding company. The Company’s subsidiaries include San Jose Water Company, SJWTX, Inc, SJW Land Company and Texas Water Alliance Limited (TWA). 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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