SJW Group (NYSE:SJW) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of SJW Group (NYSE:SJW) in a research note issued on Thursday. The firm set a “hold” rating on the utilities provider’s stock.

A number of other equities analysts have also weighed in on SJW. Bank of America upgraded shares of SJW Group from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $59.00 to $55.00 in a research report on Monday, February 3rd. Wells Fargo & Company increased their price objective on shares of SJW Group from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 29th.

SJW Group Price Performance

The business has a fifty day simple moving average of $53.68 and a 200 day simple moving average of $52.73. The company has a market cap of $1.88 billion, a PE ratio of 17.93, a PEG ratio of 3.94 and a beta of 0.58. SJW Group has a one year low of $44.91 and a one year high of $62.18. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25.

Institutional Trading of SJW Group

Hedge funds and other institutional investors have recently modified their holdings of the company. State of New Jersey Common Pension Fund D increased its stake in shares of SJW Group by 11.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 38,063 shares of the utilities provider’s stock worth $1,873,000 after purchasing an additional 3,952 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of SJW Group by 195.7% in the fourth quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider’s stock worth $1,571,000 after purchasing an additional 21,123 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of SJW Group during the fourth quarter worth $574,000. Barclays PLC boosted its position in shares of SJW Group by 376.0% during the third quarter. Barclays PLC now owns 60,140 shares of the utilities provider’s stock worth $3,495,000 after acquiring an additional 47,506 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of SJW Group during the fourth quarter worth $1,942,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

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.