Wells Fargo & Company Issues Positive Forecast for SJW Group (NYSE:SJW) Stock Price

SJW Group (NYSE:SJW - Free Report) had its price target hoisted by Wells Fargo & Company from $57.00 to $60.00 in a report issued on Tuesday,Benzinga reports. They currently have an equal weight rating on the utilities provider's stock.

SJW has been the topic of several other research reports. Bank of America upgraded shares of SJW Group from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $59.00 to $55.00 in a research note on Monday, February 3rd. StockNews.com raised SJW Group from a "sell" rating to a "hold" rating in a research note on Friday, February 28th.

SJW Group Price Performance

Shares of SJW Group stock traded down $1.11 on Tuesday, hitting $55.23. 193,052 shares of the company traded hands, compared to its average volume of 229,279. SJW Group has a 52 week low of $44.91 and a 52 week high of $62.18. The business has a 50-day simple moving average of $53.65 and a 200 day simple moving average of $52.81. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $1.89 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 3.94 and a beta of 0.56.

SJW Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be issued a $0.42 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.04%. SJW Group's dividend payout ratio (DPR) is presently 56.38%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SJW. Arizona State Retirement System raised its position in SJW Group by 2.2% during the fourth quarter. Arizona State Retirement System now owns 9,015 shares of the utilities provider's stock valued at $444,000 after purchasing an additional 197 shares during the period. State of Alaska Department of Revenue raised its holdings in SJW Group by 1.2% during the 4th quarter. State of Alaska Department of Revenue now owns 17,198 shares of the utilities provider's stock valued at $846,000 after buying an additional 210 shares during the period. Stifel Financial Corp lifted its position in SJW Group by 2.2% in the fourth quarter. Stifel Financial Corp now owns 10,270 shares of the utilities provider's stock worth $505,000 after buying an additional 223 shares during the last quarter. HighTower Advisors LLC boosted its stake in SJW Group by 5.6% during the fourth quarter. HighTower Advisors LLC now owns 4,430 shares of the utilities provider's stock worth $218,000 after buying an additional 233 shares during the period. Finally, Russell Investments Group Ltd. increased its position in 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 acquiring an additional 300 shares during the last quarter. Institutional investors 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.