SJW Group (NYSE:SJW) Shares Gap Down – What’s Next?

Shares of SJW Group (NYSE:SJW) gapped down prior to trading on Tuesday . The stock had previously closed at $54.69, but opened at $53.40. SJW Group shares last traded at $54.24, with a volume of 15,955 shares trading hands.

Wall Street Analysts Forecast Growth

SJW has been the topic of several recent analyst reports. StockNews.com upgraded SJW Group from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Bank of America raised SJW Group from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $59.00 to $55.00 in a research report on Monday, February 3rd. Finally, Wells Fargo & Company raised their price target on shares of SJW Group from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Friday, February 28th.

SJW Group Trading Up 0.1 %

The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $1.84 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 3.94 and a beta of 0.58. The stock’s 50-day simple moving average is $52.12 and its two-hundred day simple moving average is $53.54.

SJW Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a dividend of $0.42 per share. The ex-dividend date was Monday, February 10th. This represents a $1.68 annualized dividend and a dividend yield of 3.07%. This is a boost from SJW Group’s previous quarterly dividend of $0.40. SJW Group’s dividend payout ratio (DPR) is currently 58.95%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of SJW Group by 6.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,039 shares of the utilities provider’s stock valued at $6,597,000 after buying an additional 7,848 shares during the last quarter. Voloridge Investment Management LLC grew its stake in SJW Group by 100.2% during the fourth quarter. Voloridge Investment Management LLC now owns 10,526 shares of the utilities provider’s stock valued at $518,000 after acquiring an additional 5,268 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in SJW Group in the 4th quarter valued at $209,000. Squarepoint Ops LLC purchased a new stake in SJW Group in the 4th quarter worth $660,000. Finally, ProShare Advisors LLC boosted its holdings in shares of SJW Group by 22.9% during the 4th quarter. ProShare Advisors LLC now owns 159,074 shares of the utilities provider’s stock valued at $7,830,000 after purchasing an additional 29,691 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

About SJW Group

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.