Louisiana State Employees Retirement System Takes Position in SJW Group (NYSE:SJW)

Louisiana State Employees Retirement System acquired a new stake in shares of SJW Group (NYSE:SJW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,500 shares of the utilities provider's stock, valued at approximately $948,000.

Other institutional investors have also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV increased its position in shares of SJW Group by 3.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 5,964 shares of the utilities provider's stock worth $390,000 after acquiring an additional 198 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of SJW Group by 0.8% during the third quarter. Texas Permanent School Fund Corp now owns 24,552 shares of the utilities provider's stock worth $1,476,000 after acquiring an additional 202 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of SJW Group by 0.8% during the third quarter. State Board of Administration of Florida Retirement System now owns 28,693 shares of the utilities provider's stock worth $1,725,000 after acquiring an additional 220 shares in the last quarter. Arizona State Retirement System increased its position in shares of SJW Group by 3.3% during the third quarter. Arizona State Retirement System now owns 8,500 shares of the utilities provider's stock worth $511,000 after acquiring an additional 269 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of SJW Group by 1.7% during the fourth quarter. New York State Teachers Retirement System now owns 18,427 shares of the utilities provider's stock worth $1,204,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

SJW Group Stock Down 2.4 %

SJW stock traded down $1.33 during trading on Friday, reaching $53.48. The stock had a trading volume of 337,252 shares, compared to its average volume of 179,538. SJW Group has a one year low of $51.37 and a one year high of $78.42. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.24. The company's 50 day moving average is $55.82 and its two-hundred day moving average is $60.55. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 2.67 and a beta of 0.58.

SJW Group (NYSE:SJW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). SJW Group had a return on equity of 7.10% and a net margin of 12.68%. The firm had revenue of $171.34 million during the quarter, compared to the consensus estimate of $161.23 million. During the same period in the previous year, the company posted $1.09 earnings per share. Equities research analysts forecast that SJW Group will post 2.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SJW. Wells Fargo & Company boosted their target price on shares of SJW Group from $61.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, February 23rd. Seaport Res Ptn raised shares of SJW Group from a "neutral" rating to a "buy" rating in a research report on Monday, February 26th. Finally, StockNews.com raised shares of SJW Group from a "sell" rating to a "hold" rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $66.00.

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.