SJW Group (NYSE:SJW) Shares Down 3.5%

SJW Group (NYSE:SJW) shares fell 3.5% on Friday . The stock traded as low as $52.91 and last traded at $52.91. 15,105 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 175,411 shares. The stock had previously closed at $54.81.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SJW. StockNews.com cut SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Wells Fargo & Company boosted their target price on shares of SJW Group from $61.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Finally, Seaport Res Ptn raised SJW Group from a “neutral” rating to a “buy” rating in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $66.00.

SJW Group Trading Down 2.4 %

The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24. The business’s 50-day simple moving average is $56.07 and its two-hundred day simple moving average is $60.64. The company has a market capitalization of $1.72 billion, a PE ratio of 19.85, a PEG ratio of 2.67 and a beta of 0.58.

SJW Group (NYSE:SJW) last posted its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). SJW Group had a net margin of 12.68% and a return on equity of 7.10%. The firm had revenue of $171.34 million for the quarter, compared to analyst estimates of $161.23 million. During the same period in the prior year, the company posted $1.09 earnings per share. On average, analysts predict that SJW Group will post 2.75 earnings per share for the current year.

Institutional Investors Weigh In On SJW Group

Several institutional investors and hedge funds have recently bought and sold shares of SJW. Comerica Bank raised its position in shares of SJW Group by 1.0% during the 4th quarter. Comerica Bank now owns 18,600 shares of the utilities provider’s stock worth $1,215,000 after purchasing an additional 182 shares during the period. Maryland State Retirement & Pension System lifted its stake in SJW Group by 0.6% in the first quarter. Maryland State Retirement & Pension System now owns 35,299 shares of the utilities provider’s stock valued at $1,850,000 after buying an additional 195 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of SJW Group by 3.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 5,964 shares of the utilities provider’s stock valued at $390,000 after acquiring an additional 198 shares during the period. Texas Permanent School Fund Corp grew its position in shares of SJW Group by 0.8% during the third quarter. Texas Permanent School Fund Corp now owns 24,552 shares of the utilities provider’s stock worth $1,476,000 after acquiring an additional 202 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of SJW Group by 0.8% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 28,693 shares of the utilities provider’s stock worth $1,725,000 after acquiring an additional 220 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

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.