2 weeks Ago By Defense World Staff
Shares of SJW Group ( NYSE:SJW – Get Free Report ) have received a consensus recommendation of “Hold” from the three brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $63.
00. SJW has been the subject of a number of recent analyst reports. StockNews.
com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Wells Fargo & Company cut their target price on SJW Group from $63.00 to $61.
00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Finally, Bank of America began coverage on SJW Group in a research note on Friday, September 20th. They set a “neutral” rating and a $65.
00 target price for the company. View Our Latest Analysis on SJW Group SJW Group Stock Down 1.2 % SJW Group Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd.
Shareholders of record on Monday, November 4th will be issued a dividend of $0.40 per share. This represents a $1.
60 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Monday, November 4th.
SJW Group’s dividend payout ratio (DPR) is presently 57.97%. Institutional Investors Weigh In On SJW Group A number of large investors have recently bought and sold shares of SJW.
Nuance Investments LLC boosted its holdings in shares of SJW Group by 17.5% during the second quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider’s stock worth $84,877,000 after purchasing an additional 233,601 shares during the last quarter.
Millennium Management LLC raised its position in shares of SJW Group by 2,491.2% in the 2nd quarter. Millennium Management LLC now owns 113,781 shares of the utilities provider’s stock worth $6,169,000 after buying an additional 109,390 shares during the period.
Assenagon Asset Management S.A. raised its position in shares of SJW Group by 29.
4% in the 3rd quarter. Assenagon Asset Management S.A.
now owns 212,299 shares of the utilities provider’s stock worth $12,337,000 after buying an additional 48,200 shares during the period. Barclays PLC raised its position in shares of SJW Group by 376.0% in the 3rd quarter.
Barclays PLC now owns 60,140 shares of the utilities provider’s stock worth $3,495,000 after buying an additional 47,506 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of SJW Group by 144.6% in the 2nd quarter.
IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 64,359 shares of the utilities provider’s stock worth $3,490,000 after buying an additional 38,044 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.
About SJW Group ( Get Free Report 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.
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