SJW Group (SJW) Upgraded to “Buy” by ValuEngine

ValuEngine upgraded shares of SJW Group (NYSE:SJW) from a hold rating to a buy rating in a research report released on Wednesday, September 12th.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of SJW Group from a sell rating to a hold rating in a report on Wednesday, August 22nd. Janney Montgomery Scott raised shares of SJW Group from a neutral rating to a buy rating and set a $63.00 price objective for the company in a report on Monday, September 10th.

Shares of SJW traded up $0.03 during mid-day trading on Wednesday, reaching $59.97. 105,393 shares of the stock traded hands, compared to its average volume of 118,240. SJW Group has a 12-month low of $51.26 and a 12-month high of $69.29. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $1.26 billion and a P/E ratio of 26.54.

SJW Group (NYSE:SJW) last released its quarterly earnings results on Wednesday, July 25th. The utilities provider reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.10). SJW Group had a return on equity of 10.42% and a net margin of 13.00%. The company had revenue of $99.09 million for the quarter, compared to analyst estimates of $104.00 million. Equities analysts expect that SJW Group will post 2.38 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in SJW. Nuance Investments LLC raised its stake in shares of SJW Group by 178.3% during the second quarter. Nuance Investments LLC now owns 224,237 shares of the utilities provider’s stock valued at $14,849,000 after purchasing an additional 143,662 shares in the last quarter. Bank of America Corp DE raised its stake in shares of SJW Group by 247.3% during the second quarter. Bank of America Corp DE now owns 143,643 shares of the utilities provider’s stock valued at $9,512,000 after purchasing an additional 102,286 shares in the last quarter. KBC Group NV raised its stake in shares of SJW Group by 101.6% during the second quarter. KBC Group NV now owns 184,851 shares of the utilities provider’s stock valued at $12,241,000 after purchasing an additional 93,151 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of SJW Group during the second quarter valued at about $5,364,000. Finally, BlackRock Inc. raised its stake in shares of SJW Group by 4.7% during the second quarter. BlackRock Inc. now owns 1,362,796 shares of the utilities provider’s stock valued at $90,243,000 after purchasing an additional 61,016 shares in the last quarter. 57.94% of the stock is owned by institutional investors.

SJW Group Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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