SJW Group (NYSE:SJW) Upgraded by StockNews.com to Hold

SJW Group (NYSE:SJW) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

A number of other equities analysts also recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of SJW Group from $61.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Seaport Res Ptn raised shares of SJW Group from a “neutral” rating to a “buy” rating in a research report on Monday, February 26th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $66.00.

SJW Group Trading Down 2.4 %

SJW stock traded down $1.33 during trading on Friday, reaching $53.48. The company had a trading volume of 337,252 shares, compared to its average volume of 179,538. SJW Group has a 52 week low of $51.37 and a 52 week high of $78.42. The company has a market cap of $1.71 billion, a P/E ratio of 20.03, a PEG ratio of 2.67 and a beta of 0.58. The business has a 50 day moving average of $55.82 and a 200 day moving average of $60.55. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.58 and a quick ratio of 0.58.

SJW Group (NYSE:SJW) last announced its earnings results on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). SJW Group had a net margin of 12.68% and a return on equity of 7.10%. The business had revenue of $171.34 million for the quarter, compared to the consensus estimate of $161.23 million. During the same period in the prior year, the business posted $1.09 EPS. As a group, sell-side analysts forecast that SJW Group will post 2.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SJW Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its holdings in SJW Group by 20.6% in the first quarter. Assenagon Asset Management S.A. now owns 129,492 shares of the utilities provider’s stock worth $7,328,000 after purchasing an additional 22,149 shares during the last quarter. Canvas Wealth Advisors LLC purchased a new stake in SJW Group in the first quarter worth approximately $235,000. Raymond James & Associates boosted its holdings in SJW Group by 16.0% in the first quarter. Raymond James & Associates now owns 104,687 shares of the utilities provider’s stock worth $5,924,000 after purchasing an additional 14,418 shares during the last quarter. IFM Investors Pty Ltd purchased a new stake in SJW Group in the first quarter worth approximately $250,000. Finally, Maryland State Retirement & Pension System boosted its holdings 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 worth $1,850,000 after purchasing an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

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.