Wells Fargo & Company Lowers SJW Group (NYSE:SJW) Price Target to $61.00

SJW Group (NYSE:SJW) had its target price decreased by stock analysts at Wells Fargo & Company from $63.00 to $61.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 9.97% from the company’s previous close.

Separately, Bank of America initiated coverage on SJW Group in a report on Friday, September 20th. They set a “neutral” rating and a $65.00 price target for the company.

SJW Group Trading Down 1.3 %

NYSE:SJW opened at $55.47 on Tuesday. The firm has a market cap of $1.81 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 3.42 and a beta of 0.62. The stock has a fifty day moving average price of $58.36 and a 200 day moving average price of $56.91. SJW Group has a 12-month low of $51.17 and a 12-month high of $70.43. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.22.

Institutional Trading of SJW Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SJW. CWM LLC increased its position in shares of SJW Group by 184.2% during the second quarter. CWM LLC now owns 520 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 337 shares in the last quarter. Chris Bulman Inc acquired a new position in SJW Group in the 2nd quarter valued at about $30,000. nVerses Capital LLC acquired a new position in SJW Group in the 3rd quarter valued at about $46,000. Point72 Asia Singapore Pte. Ltd. increased its position in SJW Group by 576.5% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 761 shares during the period. Finally, US Bancorp DE increased its position in SJW Group by 53.8% in the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock valued at $73,000 after acquiring an additional 439 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

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.