SJW Group (NYSE:SJW) Given New $60.00 Price Target at Wells Fargo & Company

SJW Group (NYSE:SJW - Get Free Report) had its target price lifted by stock analysts at Wells Fargo & Company from $57.00 to $60.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the utilities provider's stock. Wells Fargo & Company's price target would suggest a potential upside of 7.61% from the stock's current price.

Several other research analysts have also weighed in on SJW. Bank of America raised shares of SJW Group from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $59.00 to $55.00 in a research note on Monday, February 3rd. StockNews.com upgraded shares of SJW Group from a "sell" rating to a "hold" rating in a report on Friday, February 28th.

SJW Group Trading Up 4.2 %

SJW Group stock traded up $2.25 during trading hours on Tuesday, reaching $55.76. 61,457 shares of the company's stock traded hands, compared to its average volume of 228,409. The firm's 50 day moving average is $53.38 and its 200-day moving average is $52.85. 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 fifty-two week low of $44.91 and a fifty-two week high of $62.18. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 3.94 and a beta of 0.56.

Institutional Investors Weigh In On SJW Group

Hedge funds have recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D lifted its holdings in SJW Group by 11.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 38,063 shares of the utilities provider's stock worth $1,873,000 after purchasing an additional 3,952 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of SJW Group by 195.7% in the fourth quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider's stock valued at $1,571,000 after acquiring an additional 21,123 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of SJW Group in the fourth quarter valued at about $574,000. Barclays PLC increased its position in SJW Group by 376.0% during the third quarter. Barclays PLC now owns 60,140 shares of the utilities provider's stock worth $3,495,000 after acquiring an additional 47,506 shares during the period. Finally, Norges Bank acquired a new stake in SJW Group in the 4th quarter worth about $10,255,000. 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.

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