SJW Group (NYSE:SJW) was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research note issued on Wednesday, Marketbeat reports.

Several other equities research analysts also recently commented on the company. ValuEngine downgraded SJW Group from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Zacks Investment Research upgraded SJW Group from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Finally, Janney Montgomery Scott upgraded 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.

NYSE SJW opened at $54.84 on Wednesday. SJW Group has a one year low of $51.26 and a one year high of $68.42. The stock has a market capitalization of $1.14 billion, a P/E ratio of 24.27 and a beta of 0.04. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.91.

SJW Group (NYSE:SJW) last released its quarterly earnings data on Wednesday, October 24th. The utilities provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.20). SJW Group had a return on equity of 10.92% and a net margin of 12.04%. The business had revenue of $124.85 million during the quarter, compared to the consensus estimate of $127.00 million. On average, sell-side analysts expect that SJW Group will post 2.19 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nuance Investments LLC grew its stake in shares of SJW Group by 178.3% during the 2nd 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 during the period. Bank of America Corp DE grew its stake in shares of SJW Group by 247.3% during the 2nd 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 during the period. Confluence Investment Management LLC bought a new stake in shares of SJW Group during the 3rd quarter valued at about $6,119,000. KBC Group NV grew its stake in shares of SJW Group by 101.6% during the 2nd 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 during the period. Finally, Renaissance Technologies LLC grew its stake in shares of SJW Group by 15.5% during the 3rd quarter. Renaissance Technologies LLC now owns 628,400 shares of the utilities provider’s stock valued at $38,427,000 after purchasing an additional 84,500 shares during the period. Institutional investors own 54.86% of the company’s stock.

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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