SJW Group (NYSE:SJW) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other research firms also recently weighed in on SJW. Zacks Investment Research upgraded shares of SJW Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 27th. Janney Montgomery Scott raised shares of SJW Group from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Monday.

SJW traded down $0.39 during trading on Wednesday, hitting $58.84. The company’s stock had a trading volume of 87,200 shares, compared to its average volume of 120,922. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.93. SJW Group has a one year low of $51.26 and a one year high of $69.29. The company has a market capitalization of $1.20 billion, a PE ratio of 26.04 and a beta of 0.04.

SJW Group (NYSE:SJW) last released its quarterly earnings results on Wednesday, July 25th. The utilities provider reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.10). SJW Group had a return on equity of 10.42% and a net margin of 13.00%. The business had revenue of $99.09 million during the quarter, compared to the consensus estimate of $104.00 million. equities analysts forecast that SJW Group will post 2.38 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. increased its stake in shares of SJW Group by 16.0% in the first quarter. Prudential Financial Inc. now owns 136,412 shares of the utilities provider’s stock worth $7,190,000 after purchasing an additional 18,845 shares in the last quarter. KBC Group NV increased its stake in shares of SJW Group by 6.2% in the first quarter. KBC Group NV now owns 91,700 shares of the utilities provider’s stock worth $4,834,000 after purchasing an additional 5,377 shares in the last quarter. K2 Principal Fund L.P. increased its stake in shares of SJW Group by 112.9% in the second quarter. K2 Principal Fund L.P. now owns 67,941 shares of the utilities provider’s stock worth $4,499,000 after purchasing an additional 36,028 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of SJW Group by 52.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,692 shares of the utilities provider’s stock worth $973,000 after purchasing an additional 5,040 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of SJW Group in the first quarter worth $546,000. 58.77% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Trading Strategy Methods for Individual Investors

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for SJW Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SJW Group and related companies with MarketBeat.com's FREE daily email newsletter.