SJW Group (NYSE:SJW) has received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. SJW Group’s rating score has improved by 33.3% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a one year consensus target price of $66.00 for the company and are predicting that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also assigned SJW Group an industry rank of 80 out of 257 based on the ratings given to related companies.

Several analysts have recently commented on SJW shares. Evercore ISI started coverage on SJW Group in a report on Monday, September 17th. They issued an “in-line” rating and a $59.00 price target for the company. ValuEngine raised SJW Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Zacks Investment Research raised SJW Group from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Finally, Janney Montgomery Scott raised SJW Group from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Monday, September 10th.

Hedge funds have recently modified their holdings of the stock. Legal & General Group Plc raised its holdings in SJW Group by 16.9% during the second quarter. Legal & General Group Plc now owns 70,609 shares of the utilities provider’s stock worth $4,676,000 after purchasing an additional 10,195 shares during the last quarter. Water Asset Management LLC acquired a new position in SJW Group during the second quarter worth $2,005,000. K2 Principal Fund L.P. raised its holdings in shares of SJW Group by 112.9% in the second quarter. K2 Principal Fund L.P. now owns 67,941 shares of the utilities provider’s stock worth $4,499,000 after acquiring an additional 36,028 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of SJW Group in the second quarter worth $207,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of SJW Group by 52.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,692 shares of the utilities provider’s stock worth $973,000 after acquiring an additional 5,040 shares during the last quarter. 55.91% of the stock is owned by hedge funds and other institutional investors.

SJW opened at $64.79 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $1.33 billion, a PE ratio of 28.67 and a beta of 0.05. SJW Group has a 12 month low of $51.26 and a 12 month high of $69.29.

SJW Group (NYSE:SJW) last posted its quarterly earnings results on Wednesday, October 24th. The utilities provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.20). The business had revenue of $124.85 million during the quarter, compared to analyst estimates of $127.00 million. SJW Group had a net margin of 12.04% and a return on equity of 10.92%. As a group, research analysts forecast that SJW Group will post 2.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 5th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $1.12 annualized dividend and a yield of 1.73%. SJW Group’s dividend payout ratio is presently 49.56%.

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.

Featured Story: Risk Tolerance and Your Investment Decisions

Get a free copy of the Zacks research report on SJW Group (SJW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SJW Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SJW Group and related companies with MarketBeat.com's FREE daily email newsletter.