SJW Group (NYSE:SJW) Downgraded by StockNews.com

SJW Group (NYSE:SJW - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Tuesday.

Several other research firms also recently weighed in on SJW. 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 price target on the stock. Wells Fargo & Company decreased their price target on shares of SJW Group from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Tuesday.

SJW Group Price Performance

SJW traded down $1.59 during midday trading on Tuesday, hitting $56.17. 203,834 shares of the company traded hands, compared to its average volume of 188,105. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 3.42 and a beta of 0.62. SJW Group has a 52-week low of $51.17 and a 52-week high of $70.43. The business has a 50 day simple moving average of $58.43 and a two-hundred day simple moving average of $56.92.

Institutional Investors Weigh In On SJW Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its position in SJW Group by 9.1% during the third quarter. Van ECK Associates Corp now owns 9,043 shares of the utilities provider's stock worth $530,000 after purchasing an additional 755 shares during the last quarter. US Bancorp DE increased its position in shares of SJW Group by 53.8% during the third quarter. US Bancorp DE now owns 1,255 shares of the utilities provider's stock valued at $73,000 after acquiring an additional 439 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new stake in shares of SJW Group during the third quarter valued at about $215,000. Ballentine Partners LLC acquired a new stake in shares of SJW Group during the third quarter valued at about $319,000. Finally, E. Ohman J or Asset Management AB increased its position in shares of SJW Group by 7.6% during the third quarter. E. Ohman J or Asset Management AB now owns 32,533 shares of the utilities provider's stock valued at $1,890,000 after acquiring an additional 2,300 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

SJW Group Company Profile

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.

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