SJW Group (NYSE:SJW) Raised to Hold at StockNews.com

SJW Group (NYSE:SJW) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Other equities research analysts also recently issued research reports about the company. Bank of America upgraded SJW Group from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $59.00 to $55.00 in a research report on Monday, February 3rd. Wells Fargo & Company boosted their target price on SJW Group from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Friday.

SJW Group Trading Up 0.7 %

Shares of SJW opened at $52.67 on Friday. The stock has a fifty day moving average price of $49.81 and a two-hundred day moving average price of $54.37. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. SJW Group has a 52-week low of $44.91 and a 52-week high of $62.18. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 3.94 and a beta of 0.65.

Institutional Investors Weigh In On SJW Group

A number of institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of SJW Group by 6.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,039 shares of the utilities provider’s stock worth $6,597,000 after purchasing an additional 7,848 shares during the period. Voloridge Investment Management LLC grew its stake in shares of SJW Group by 100.2% during the fourth quarter. Voloridge Investment Management LLC now owns 10,526 shares of the utilities provider’s stock worth $518,000 after purchasing an additional 5,268 shares during the period. iSAM Funds UK Ltd acquired a new stake in shares of SJW Group during the fourth quarter worth $209,000. Squarepoint Ops LLC acquired a new stake in shares of SJW Group during the fourth quarter worth $660,000. Finally, ProShare Advisors LLC grew its stake in shares of SJW Group by 22.9% during the fourth quarter. ProShare Advisors LLC now owns 159,074 shares of the utilities provider’s stock worth $7,830,000 after purchasing an additional 29,691 shares during the period. 84.29% of the stock is owned by institutional investors and hedge funds.

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.