SJW Group (NYSE:SJW) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. SJW Group’s rating score has improved by 66.7% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 12-month consensus price target of $63.00 for the company and are anticipating that the company will post $0.96 earnings per share for the current quarter, according to Zacks. Zacks has also given SJW Group an industry rank of 205 out of 255 based on the ratings given to its competitors.

A number of research firms have recently weighed in on SJW. Zacks Investment Research upgraded SJW Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. ValuEngine cut SJW Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, Janney Montgomery Scott upgraded SJW Group from a “neutral” rating to a “buy” rating and set a $63.00 price target for the company in a report on Monday.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in shares of SJW Group by 44.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,571 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 797 shares during the period. California Public Employees Retirement System grew its holdings in shares of SJW Group by 6.8% during the 2nd quarter. California Public Employees Retirement System now owns 14,009 shares of the utilities provider’s stock worth $928,000 after purchasing an additional 890 shares during the period. Swiss National Bank lifted its stake in SJW Group by 4.3% during the 1st quarter. Swiss National Bank now owns 26,800 shares of the utilities provider’s stock worth $1,413,000 after acquiring an additional 1,100 shares in the last quarter. Trexquant Investment LP lifted its stake in SJW Group by 23.4% during the 1st quarter. Trexquant Investment LP now owns 6,715 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 1,272 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its stake in SJW Group by 2.5% during the 1st quarter. Guggenheim Capital LLC now owns 55,838 shares of the utilities provider’s stock worth $2,943,000 after acquiring an additional 1,340 shares in the last quarter. Institutional investors and hedge funds own 58.77% of the company’s stock.

NYSE:SJW traded down $0.39 during trading hours on Friday, hitting $58.84. The company had a trading volume of 87,200 shares, compared to its average volume of 120,922. The stock has a market cap of $1.20 billion, a P/E ratio of 26.04 and a beta of 0.04. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.93. SJW Group has a 1 year low of $51.26 and a 1 year high of $69.29.

SJW Group (NYSE:SJW) last released its quarterly earnings results on Wednesday, July 25th. The utilities provider reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.10). The business had revenue of $99.09 million for the quarter, compared to analysts’ expectations of $104.00 million. SJW Group had a return on equity of 10.42% and a net margin of 13.00%. equities analysts anticipate that SJW Group will post 2.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Monday, August 6th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, August 3rd. SJW Group’s dividend payout ratio is presently 49.56%.

About SJW Group

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.

Read More: Diversification in Investing

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.