According to Zacks, “SJW CORP. is a holding company which operates through its wholly-owned subsidiaries, San Jose Water Co., SJW Land Co., and Western Precision, Inc. San Jose Water Co., is a public utility in the business of providing water service to a population of approximately 928,000 people. Their service area encompasses about 134 sq. miles in the metropolitan San Juan area. SJW Land Co. operates parking facilities located adjacent to the their headquarters and the San Jose area. “
Several other brokerages also recently weighed in on SJW. ValuEngine upgraded SJW Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Macquarie initiated coverage on SJW Group in a report on Monday, October 7th. They set an “outperform” rating and a $79.00 price target for the company. Wells Fargo & Co set a $80.00 price target on SJW Group and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Janney Montgomery Scott restated a “buy” rating and set a $71.00 price target on shares of SJW Group in a report on Thursday, September 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $75.20.
Shares of NYSE:SJW traded down $1.58 on Thursday, hitting $69.75. 2,200 shares of the company traded hands, compared to its average volume of 148,884. SJW Group has a 52 week low of $51.82 and a 52 week high of $74.47. The company has a quick ratio of 3.97, a current ratio of 3.52 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $70.67 and a 200-day simple moving average of $65.32. The company has a market cap of $2.02 billion, a PE ratio of 27.81, a PEG ratio of 8.26 and a beta of -0.01.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SJW. Oakworth Capital Inc. bought a new stake in SJW Group in the 2nd quarter worth about $36,000. Advisory Services Network LLC increased its holdings in SJW Group by 50.6% in the 2nd quarter. Advisory Services Network LLC now owns 732 shares of the utilities provider’s stock worth $45,000 after buying an additional 246 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in SJW Group in the 3rd quarter worth about $70,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in SJW Group by 18.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,810 shares of the utilities provider’s stock worth $110,000 after buying an additional 285 shares in the last quarter. Finally, Quantamental Technologies LLC increased its holdings in SJW Group by 161.3% in the 2nd quarter. Quantamental Technologies LLC now owns 1,957 shares of the utilities provider’s stock worth $119,000 after buying an additional 1,208 shares in the last quarter. Institutional investors own 68.02% 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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