Wall Street Zen Begins Coverage on SJW Group (NYSE:SJW)

Wall Street Zen started coverage on shares of SJW Group (NYSE:SJW) in a report issued on Thursday. The firm set a “hold” rating on the utilities provider’s stock.

Several other research firms have also commented on SJW. Wells Fargo & Company lifted their price target on shares of SJW Group from $57.00 to $60.00 and gave the company an “equal weight” rating in a report 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 company from $59.00 to $55.00 in a report on Monday, February 3rd.

SJW Group Stock Performance

The business has a fifty day moving average of $53.68 and a 200-day moving average of $52.73. The company has a market cap of $1.88 billion, a P/E ratio of 17.93, a P/E/G ratio of 3.94 and a beta of 0.58. SJW Group has a 1 year low of $44.91 and a 1 year high of $62.18. 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 Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP boosted its stake in SJW Group by 123.4% during the 4th quarter. Quarry LP now owns 668 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 369 shares during the period. Russell Investments Group Ltd. boosted its stake in SJW Group by 64.4% during the 4th quarter. Russell Investments Group Ltd. now owns 766 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 300 shares during the period. Hughes Financial Services LLC acquired a new position in SJW Group during the 1st quarter valued at about $47,000. Sterling Capital Management LLC boosted its stake in SJW Group by 842.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,055 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 943 shares during the period. Finally, GAMMA Investing LLC boosted its stake in SJW Group by 190.5% during the 1st quarter. GAMMA Investing LLC now owns 1,342 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 880 shares during the period. 84.29% of the stock is owned by institutional investors and hedge funds.

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.