SJW Group (NYSE:SJW) Short Interest Update

SJW Group (NYSE:SJW) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 231,100 shares, a drop of 11.0% from the December 15th total of 259,600 shares. Based on an average trading volume of 118,700 shares, the short-interest ratio is presently 1.9 days. Currently, 0.9% of the shares of the company are short sold.

In related news, CFO James Patrick Lynch sold 1,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $69.88, for a total value of $69,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Valer Robert A. Van bought 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average cost of $67.21 per share, with a total value of $504,075.00. The disclosure for this purchase can be found here. 8.20% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SJW. FMR LLC boosted its stake in SJW Group by 24.5% in the 1st quarter. FMR LLC now owns 548,854 shares of the utilities provider’s stock worth $33,886,000 after purchasing an additional 108,003 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of SJW Group during the first quarter valued at $16,536,000. Wells Fargo & Company MN boosted its stake in shares of SJW Group by 28.4% during the second quarter. Wells Fargo & Company MN now owns 54,741 shares of the utilities provider’s stock valued at $3,327,000 after purchasing an additional 12,116 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of SJW Group by 20.8% during the second quarter. JPMorgan Chase & Co. now owns 19,691 shares of the utilities provider’s stock valued at $1,190,000 after purchasing an additional 3,392 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of SJW Group by 7.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 144,734 shares of the utilities provider’s stock valued at $8,796,000 after purchasing an additional 10,074 shares during the period. 67.35% of the stock is owned by institutional investors and hedge funds.

SJW has been the subject of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of SJW Group in a research note on Friday, November 15th. They set a “neutral” rating and a $73.00 price objective for the company. Macquarie initiated coverage on SJW Group in a research report on Monday, October 7th. They issued an “outperform” rating and a $79.00 price target on the stock. Zacks Investment Research lowered SJW Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, ValuEngine raised SJW Group from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $74.83.

NYSE SJW traded up $0.91 on Thursday, reaching $71.55. 29,848 shares of the stock traded hands, compared to its average volume of 86,135. The firm’s fifty day simple moving average is $70.39 and its 200 day simple moving average is $68.16. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.98 billion and a price-to-earnings ratio of 28.51. SJW Group has a 12 month low of $57.54 and a 12 month high of $74.47.

SJW Group (NYSE:SJW) last issued its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.41). The firm had revenue of $114.00 million for the quarter, compared to the consensus estimate of $127.00 million. SJW Group had a net margin of 9.59% and a return on equity of 5.27%. As a group, equities research analysts forecast that SJW Group will post 1.62 EPS for the current fiscal year.

About SJW Group

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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