SJW Group (NYSE:SJW) Price Target Lowered to $53.00 at Wells Fargo & Company

SJW Group (NYSE:SJW) had its price target dropped by research analysts at Wells Fargo & Company from $61.00 to $53.00 in a note issued to investors on Tuesday,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 13.27% from the stock’s previous close.

SJW has been the subject of a number of other research reports. StockNews.com cut SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Bank of America started coverage on shares of SJW Group in a research note on Friday, September 20th. They issued a “neutral” rating and a $65.00 target price on the stock.

SJW Group Stock Down 0.8 %

NYSE SJW traded down $0.36 during trading on Tuesday, hitting $46.79. 25,721 shares of the company traded hands, compared to its average volume of 174,074. The company has a market capitalization of $1.53 billion, a P/E ratio of 16.95, a PEG ratio of 3.26 and a beta of 0.65. The business has a fifty day simple moving average of $53.26 and a 200 day simple moving average of $56.34. SJW Group has a 12 month low of $46.67 and a 12 month high of $65.15. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25.

Hedge Funds Weigh In On SJW Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Chris Bulman Inc bought a new stake in SJW Group in the 2nd quarter valued at $30,000. Point72 DIFC Ltd grew its position in SJW Group by 81.4% during the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock worth $41,000 after buying an additional 316 shares in the last quarter. nVerses Capital LLC bought a new position in SJW Group during the third quarter valued at about $46,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in SJW Group by 576.5% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 761 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of SJW Group by 53.8% in the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 439 shares during the period. Institutional investors 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.