nVerses Capital LLC Makes New $46,000 Investment in SJW Group (NYSE:SJW)

nVerses Capital LLC bought a new stake in SJW Group (NYSE:SJW) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 800 shares of the utilities provider’s stock, valued at approximately $46,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuance Investments LLC lifted its stake in SJW Group by 17.5% during the second quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider’s stock worth $84,877,000 after purchasing an additional 233,601 shares during the last quarter. Millennium Management LLC lifted its position in shares of SJW Group by 2,491.2% during the 2nd quarter. Millennium Management LLC now owns 113,781 shares of the utilities provider’s stock worth $6,169,000 after buying an additional 109,390 shares during the last quarter. Vanguard Group Inc. boosted its stake in SJW Group by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 2,465,745 shares of the utilities provider’s stock valued at $161,136,000 after buying an additional 78,289 shares in the last quarter. Edgestream Partners L.P. bought a new position in SJW Group in the first quarter valued at about $2,424,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in SJW Group by 144.6% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 64,359 shares of the utilities provider’s stock worth $3,490,000 after acquiring an additional 38,044 shares in the last quarter. Institutional investors own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SJW shares. Wells Fargo & Company raised their price target on shares of SJW Group from $62.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Bank of America began coverage on shares of SJW Group in a research report on Friday, September 20th. They issued a “neutral” rating and a $65.00 target price on the stock.

SJW Group Price Performance

SJW Group stock opened at $58.78 on Wednesday. The stock has a 50-day moving average price of $58.65 and a two-hundred day moving average price of $56.79. SJW Group has a 12 month low of $51.17 and a 12 month high of $70.43. The company has a market capitalization of $1.92 billion, a PE ratio of 21.61, a P/E/G ratio of 3.61 and a beta of 0.62. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.22.

SJW Group (NYSE:SJW) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. SJW Group had a net margin of 12.48% and a return on equity of 7.10%. The business had revenue of $176.17 million during the quarter, compared to analyst estimates of $165.10 million. Analysts expect that SJW Group will post 2.75 EPS for the current year.

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.