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

StockNews.com assumed coverage on shares of SJW Group (NYSE:SJW) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the utilities provider’s stock.

SJW has been the topic of several other reports. Wells Fargo & Company lifted their price target 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. Bank of America raised shares of SJW Group from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $59.00 to $55.00 in a research note on Monday, February 3rd.

SJW Group Stock Performance

The stock has a market capitalization of $1.88 billion, a P/E 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 business’s 50 day simple moving average is $53.68 and its 200 day simple moving average is $52.73. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77.

Institutional Investors Weigh In On SJW Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D raised its holdings in SJW Group by 11.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 38,063 shares of the utilities provider’s stock valued at $1,873,000 after buying an additional 3,952 shares during the last quarter. SG Americas Securities LLC raised its holdings in SJW Group by 195.7% during the 4th quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider’s stock valued at $1,571,000 after buying an additional 21,123 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in SJW Group during the 4th quarter valued at $574,000. Barclays PLC raised its holdings in SJW Group by 376.0% during the 3rd quarter. Barclays PLC now owns 60,140 shares of the utilities provider’s stock valued at $3,495,000 after buying an additional 47,506 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in SJW Group during the 4th quarter valued at $1,942,000. 84.29% of the stock is currently owned by 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.