ValuEngine upgraded shares of SJW Group (NYSE:SJW) from a hold rating to a buy rating in a report published on Wednesday, September 12th.
Several other analysts have also recently commented on SJW. Zacks Investment Research upgraded shares of SJW Group from a strong sell rating to a hold rating in a research note on Wednesday, June 27th. Janney Montgomery Scott upgraded shares of SJW Group from a neutral rating to a buy rating and set a $63.00 target price for the company in a research note on Monday, September 10th.
Shares of SJW Group stock traded up $0.70 on Wednesday, reaching $60.67. The stock had a trading volume of 70,500 shares, compared to its average volume of 117,994. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.93. SJW Group has a 1 year low of $51.26 and a 1 year high of $69.29. The company has a market cap of $1.26 billion and a P/E ratio of 26.72.
SJW Group (NYSE:SJW) last issued its quarterly earnings data on Wednesday, July 25th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.10). The firm had revenue of $99.09 million during the quarter, compared to analysts’ expectations of $104.00 million. SJW Group had a return on equity of 10.42% and a net margin of 13.00%. As a group, equities research analysts forecast that SJW Group will post 2.38 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mackay Shields LLC acquired a new position in SJW Group during the first quarter worth $3,207,000. Trexquant Investment LP raised its position in SJW Group by 23.4% during the first quarter. Trexquant Investment LP now owns 6,715 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 1,272 shares during the period. Prudential Financial Inc. raised its position in SJW Group by 16.0% during the first quarter. Prudential Financial Inc. now owns 136,412 shares of the utilities provider’s stock worth $7,190,000 after acquiring an additional 18,845 shares during the period. Swiss National Bank raised its position in SJW Group by 4.3% during the first quarter. Swiss National Bank now owns 26,800 shares of the utilities provider’s stock worth $1,413,000 after acquiring an additional 1,100 shares during the period. Finally, State of Wisconsin Investment Board raised its position in SJW Group by 56.0% during the first quarter. State of Wisconsin Investment Board now owns 70,600 shares of the utilities provider’s stock worth $3,721,000 after acquiring an additional 25,346 shares during the period. Hedge funds and other institutional investors own 57.94% of the company’s stock.
About SJW Group
SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.
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