SJW Group (NYSE:SJW – Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 450,200 shares, a growth of 30.9% from the February 13th total of 343,900 shares. Based on an average daily trading volume, of 279,800 shares, the short-interest ratio is presently 1.6 days. Approximately 1.4% of the company’s shares are sold short.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on SJW. Bank of America raised shares of SJW Group from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $59.00 to $55.00 in a research note on Monday, February 3rd. StockNews.com raised shares of SJW Group from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company upped their price objective on shares of SJW Group from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th.
Check Out Our Latest Report on SJW
Hedge Funds Weigh In On SJW Group
SJW Group Trading Down 0.5 %
Shares of SJW traded down $0.25 on Monday, hitting $53.84. 58,439 shares of the stock traded hands, compared to its average volume of 200,079. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $1.81 billion, a P/E ratio of 19.53, a P/E/G ratio of 3.94 and a beta of 0.58. SJW Group has a 1 year low of $44.91 and a 1 year high of $62.18. The stock’s 50 day moving average is $50.84 and its two-hundred day moving average is $54.04.
SJW Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were paid a dividend of $0.42 per share. The ex-dividend date was Monday, February 10th. This represents a $1.68 dividend on an annualized basis and a yield of 3.12%. This is an increase from SJW Group’s previous quarterly dividend of $0.40. SJW Group’s dividend payout ratio (DPR) is currently 58.95%.
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.
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