Macquarie Group Ltd. decreased its position in SJW Group (NYSE:SJW) by 37.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,000 shares of the utilities provider’s stock after selling 1,200 shares during the quarter. Macquarie Group Ltd.’s holdings in SJW Group were worth $111,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in shares of SJW Group by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 135,971 shares of the utilities provider’s stock valued at $8,315,000 after purchasing an additional 2,074 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in shares of SJW Group by 58.4% in the 3rd quarter. MetLife Investment Advisors LLC now owns 11,713 shares of the utilities provider’s stock valued at $716,000 after purchasing an additional 4,319 shares in the last quarter. IndexIQ Advisors LLC increased its holdings in shares of SJW Group by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 43,127 shares of the utilities provider’s stock valued at $2,637,000 after purchasing an additional 1,629 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of SJW Group by 28.7% in the 3rd quarter. Teachers Advisors LLC now owns 40,840 shares of the utilities provider’s stock valued at $2,497,000 after purchasing an additional 9,104 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of SJW Group by 4.0% in the 3rd quarter. Legal & General Group Plc now owns 73,416 shares of the utilities provider’s stock valued at $4,490,000 after purchasing an additional 2,807 shares in the last quarter. 66.14% of the stock is owned by institutional investors and hedge funds.
SJW has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of SJW Group from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Tuesday, January 15th. Wells Fargo & Co initiated coverage on shares of SJW Group in a report on Monday, January 28th. They issued an “outperform” rating and a $70.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. SJW Group currently has a consensus rating of “Buy” and a consensus target price of $64.50.
Shares of SJW opened at $60.42 on Thursday. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $1.72 billion, a PE ratio of 24.07, a P/E/G ratio of 4.39 and a beta of 0.07. SJW Group has a 52-week low of $51.82 and a 52-week high of $68.42.
SJW Group (NYSE:SJW) last issued its quarterly earnings data on Wednesday, February 20th. The utilities provider reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.10. The firm had revenue of $98.72 million for the quarter, compared to analysts’ expectations of $95.00 million. SJW Group had a net margin of 9.75% and a return on equity of 9.26%. On average, equities research analysts forecast that SJW Group will post 2.33 EPS for the current fiscal year.
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SJW Group 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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