SJW Group (NYSE:SJW) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

SJW Group (NYSE:SJW) had its price target raised by equities researchers at Wells Fargo & Company from $53.00 to $57.00 in a report released on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 8.22% from the company’s current price.

Separately, Bank of America raised SJW Group from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $59.00 to $55.00 in a research note on Monday, February 3rd.

SJW Group Trading Up 0.7 %

NYSE SJW opened at $52.67 on Friday. The business’s 50-day moving average price is $49.81 and its two-hundred day moving average price is $54.37. SJW Group has a 12 month low of $44.91 and a 12 month high of $62.18. The firm has a market capitalization of $1.72 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 3.94 and a beta of 0.65. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25.

Institutional Investors Weigh In On SJW Group

Several large investors have recently added to or reduced their stakes in SJW. First Trust Advisors LP grew its stake in SJW Group by 197.0% during the fourth quarter. First Trust Advisors LP now owns 1,317,721 shares of the utilities provider’s stock worth $64,858,000 after purchasing an additional 873,973 shares during the period. Norges Bank acquired a new stake in SJW Group in the fourth quarter valued at approximately $10,255,000. JPMorgan Chase & Co. grew its stake in SJW Group by 131.4% in the fourth quarter. JPMorgan Chase & Co. now owns 153,687 shares of the utilities provider’s stock valued at $7,564,000 after acquiring an additional 87,260 shares during the period. Vanguard Group Inc. grew its stake in SJW Group by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider’s stock valued at $128,840,000 after acquiring an additional 72,081 shares during the period. Finally, Nuance Investments LLC grew its stake in SJW Group by 4.3% in the fourth quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider’s stock valued at $61,872,000 after acquiring an additional 52,029 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

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.