Wells Fargo & Company Raises SJW Group (NYSE:SJW) Price Target to $57.00

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

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

SJW Group Stock Performance

Shares of SJW Group stock opened at $52.67 on Friday. The business’s fifty day simple moving average is $49.81 and its 200 day simple moving average is $54.37. The firm has a market capitalization of $1.72 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 3.94 and a beta of 0.65. SJW Group has a 12 month low of $44.91 and a 12 month high of $62.18. 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 Trading of SJW Group

Several hedge funds have recently made changes to their positions in SJW. Creative Planning raised its stake in shares of SJW Group by 8.7% in the third quarter. Creative Planning now owns 12,901 shares of the utilities provider’s stock valued at $750,000 after buying an additional 1,028 shares during the period. International Assets Investment Management LLC raised its stake in shares of SJW Group by 4,232.5% in the third quarter. International Assets Investment Management LLC now owns 12,261 shares of the utilities provider’s stock valued at $712,000 after buying an additional 11,978 shares during the period. First Trust Direct Indexing L.P. bought a new stake in shares of SJW Group in the third quarter valued at $215,000. US Bancorp DE raised its stake in shares of SJW Group by 53.8% in the third quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock valued at $73,000 after buying an additional 439 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of SJW Group by 9.1% in the third quarter. Van ECK Associates Corp now owns 9,043 shares of the utilities provider’s stock valued at $530,000 after buying an additional 755 shares during the period. 84.29% of the stock is currently owned by institutional investors.

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.