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

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

Other equities analysts also recently issued research reports about the stock. Seaport Res Ptn raised shares of SJW Group from a “neutral” rating to a “buy” rating in a report on Monday, February 26th. Wells Fargo & Company lifted their price objective on shares of SJW Group from $61.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.00.

SJW Group Stock Down 2.4 %

Shares of SJW stock traded down $1.33 during mid-day trading on Friday, reaching $53.48. 337,252 shares of the company were exchanged, compared to its average volume of 179,538. SJW Group has a fifty-two week low of $51.37 and a fifty-two week high of $78.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $1.71 billion, a P/E ratio of 20.03, a P/E/G ratio of 2.67 and a beta of 0.58. The business’s 50 day simple moving average is $55.82 and its 200 day simple moving average is $60.55.

SJW Group (NYSE:SJW) last released its quarterly 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 return on equity of 7.10% and a net margin of 12.68%. The company had revenue of $171.34 million for the quarter, compared to analyst estimates of $161.23 million. During the same period in the previous year, the business posted $1.09 EPS. Research analysts predict that SJW Group will post 2.75 earnings per share for the current year.

Institutional Investors Weigh In On SJW Group

Hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank raised its position in SJW Group by 1.0% in the fourth quarter. Comerica Bank now owns 18,600 shares of the utilities provider’s stock worth $1,215,000 after acquiring an additional 182 shares in the last quarter. Maryland State Retirement & Pension System raised its position 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 acquiring an additional 195 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in SJW Group by 3.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 5,964 shares of the utilities provider’s stock worth $390,000 after acquiring an additional 198 shares in the last quarter. Texas Permanent School Fund Corp raised its position in SJW Group by 0.8% in 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 in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in 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 purchasing an additional 220 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors.

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.