SJW Group (NYSE:SJW) Given New $57.00 Price Target at Wells Fargo & Company

SJW Group (NYSE:SJW) had its price target raised by stock analysts at Wells Fargo & Company from $53.00 to $57.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 8.94% from the company’s current price.

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

SJW Group Stock Up 0.0 %

SJW stock traded up $0.02 on Friday, hitting $52.32. 75,954 shares of the company’s stock were exchanged, compared to its average volume of 284,886. The firm has a 50 day moving average price of $49.76 and a two-hundred day moving average price of $54.44. SJW Group has a 12-month low of $44.91 and a 12-month high of $62.18. The stock has a market cap of $1.71 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 3.94 and a beta of 0.65. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77.

Institutional Trading of SJW Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of SJW Group by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider’s stock valued at $128,840,000 after purchasing an additional 72,081 shares during the period. First Trust Advisors LP boosted its position in SJW Group by 197.0% in the fourth quarter. First Trust Advisors LP now owns 1,317,721 shares of the utilities provider’s stock valued at $64,858,000 after buying an additional 873,973 shares during the last quarter. Nuance Investments LLC increased its holdings in SJW Group by 4.3% in the 4th quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider’s stock worth $61,872,000 after buying an additional 52,029 shares during the period. Geode Capital Management LLC raised its position in SJW Group by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 745,624 shares of the utilities provider’s stock worth $36,708,000 after buying an additional 22,890 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in SJW Group by 1.0% during the 4th quarter. Invesco Ltd. now owns 571,505 shares of the utilities provider’s stock valued at $28,129,000 after acquiring an additional 5,900 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

About SJW Group

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.