Shares of SJW Group (NYSE:SJW) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $70.62 and last traded at $70.62, with a volume of 90131 shares changing hands. The stock had previously closed at $69.73.

SJW has been the topic of several recent analyst reports. Wells Fargo & Co set a $80.00 target price on shares of SJW Group and gave the company a “buy” rating in a report on Tuesday, September 3rd. Janney Montgomery Scott restated a “buy” rating and issued a $71.00 target price on shares of SJW Group in a report on Thursday, September 5th. Zacks Investment Research upgraded shares of SJW Group from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. ValuEngine lowered shares of SJW Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Macquarie initiated coverage on shares of SJW Group in a report on Monday. They issued an “outperform” rating and a $79.00 target price on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. SJW Group currently has an average rating of “Buy” and an average target price of $72.80.

The firm’s fifty day moving average price is $67.77 and its two-hundred day moving average price is $63.82. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 8.02 and a beta of 0.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.97 and a quick ratio of 3.97.

SJW Group (NYSE:SJW) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. SJW Group had a net margin of 10.89% and a return on equity of 7.45%. The firm had revenue of $102.97 million for the quarter, compared to analyst estimates of $101.00 million. On average, equities research analysts anticipate that SJW Group will post 2.15 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Oakworth Capital Inc. acquired a new position in shares of SJW Group during the second quarter valued at about $36,000. Advisory Services Network LLC raised its holdings in shares of SJW Group by 50.6% during the second quarter. Advisory Services Network LLC now owns 732 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 246 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of SJW Group by 18.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,810 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 285 shares during the period. Quantamental Technologies LLC raised its holdings in shares of SJW Group by 161.3% during the second quarter. Quantamental Technologies LLC now owns 1,957 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 1,208 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of SJW Group during the first quarter valued at about $207,000. Hedge funds and other institutional investors own 68.00% of the company’s stock.

SJW Group Company Profile (NYSE:SJW)

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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