Louisiana State Employees Retirement System Makes New Investment in SJW Group (NYSE:SJW)

Louisiana State Employees Retirement System acquired a new position in SJW Group (NYSE:SJW) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 14,500 shares of the utilities provider’s stock, valued at approximately $948,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SJW. SG Americas Securities LLC grew its holdings in shares of SJW Group by 957.8% during the third quarter. SG Americas Securities LLC now owns 31,354 shares of the utilities provider’s stock valued at $1,885,000 after buying an additional 28,390 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of SJW Group by 7.3% during the third quarter. Exchange Traded Concepts LLC now owns 25,344 shares of the utilities provider’s stock valued at $1,523,000 after buying an additional 1,733 shares during the last quarter. Raymond James & Associates grew its holdings in shares of SJW Group by 22.7% during the third quarter. Raymond James & Associates now owns 100,779 shares of the utilities provider’s stock valued at $6,058,000 after buying an additional 18,619 shares during the last quarter. PATRIZIA Pty Ltd grew its holdings in shares of SJW Group by 12.2% during the third quarter. PATRIZIA Pty Ltd now owns 115,717 shares of the utilities provider’s stock valued at $6,956,000 after buying an additional 12,587 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of SJW Group by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 318,255 shares of the utilities provider’s stock valued at $19,130,000 after buying an additional 3,264 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

SJW Group Stock Down 0.6 %

Shares of SJW Group stock opened at $54.81 on Friday. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 2.67 and a beta of 0.58. The company’s 50 day moving average is $56.07 and its 200 day moving average is $60.64. SJW Group has a twelve month low of $51.37 and a twelve month high of $78.66. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.24.

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 the consensus estimate of $0.60 by ($0.01). SJW Group had a return on equity of 7.10% and a net margin of 12.68%. The business had revenue of $171.34 million during the quarter, compared to the consensus estimate of $161.23 million. During the same quarter in the previous year, the business posted $1.09 earnings per share. Research analysts anticipate that SJW Group will post 2.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Seaport Res Ptn upgraded shares of SJW Group from a “neutral” rating to a “buy” rating in a report on Monday, February 26th. StockNews.com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. Finally, Wells Fargo & Company increased their price objective on shares of SJW Group from $61.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, SJW Group has an average rating of “Hold” and an average target price of $66.00.

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.