Victory Capital Management Inc. grew its position in shares of SJW Group (NYSE:SJW – Get Rating) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 252,070 shares of the utilities provider’s stock after acquiring an additional 1,953 shares during the quarter. Victory Capital Management Inc. owned 0.83% of SJW Group worth $14,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Other institutional investors have also recently made changes to their positions in the company. Canvas Wealth Advisors LLC increased its position in shares of SJW Group by 0.8% during the second quarter. Canvas Wealth Advisors LLC now owns 22,455 shares of the utilities provider’s stock valued at $1,401,000 after acquiring an additional 178 shares during the last quarter. Truist Financial Corp raised its position in shares of SJW Group by 2.5% in the third quarter. Truist Financial Corp now owns 8,230 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 200 shares during the period. Van ECK Associates Corp lifted its stake in shares of SJW Group by 3.8% during the 3rd quarter. Van ECK Associates Corp now owns 5,695 shares of the utilities provider’s stock valued at $328,000 after buying an additional 207 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in SJW Group by 5.2% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,122 shares of the utilities provider’s stock worth $295,000 after buying an additional 251 shares during the period. Finally, Clear Harbor Asset Management LLC raised its holdings in SJW Group by 0.9% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 30,157 shares of the utilities provider’s stock valued at $1,737,000 after acquiring an additional 275 shares during the period. Institutional investors own 72.08% of the company’s stock.
Wall Street Analyst Weigh In
SJW has been the topic of a number of recent research reports. StockNews.com started coverage on SJW Group in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Wells Fargo & Company increased their target price on shares of SJW Group from $72.00 to $78.00 in a research note on Wednesday, December 14th. UBS Group began coverage on SJW Group in a research note on Wednesday, November 30th. They set a “buy” rating and a $85.00 price objective for the company. TheStreet upgraded shares of SJW Group from a “c+” rating to a “b-” rating in a research report on Tuesday, November 1st. Finally, Seaport Res Ptn cut SJW Group from a “buy” rating to a “neutral” rating in a report on Thursday, January 5th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $76.00.
Insider Transactions at SJW Group
In other SJW Group news, COO Andrew Gere sold 830 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $74.72, for a total transaction of $62,017.60. Following the completion of the sale, the chief operating officer now owns 23,627 shares of the company’s stock, valued at $1,765,409.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Andrew Gere sold 830 shares of SJW Group stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $74.72, for a total transaction of $62,017.60. Following the sale, the chief operating officer now owns 23,627 shares of the company’s stock, valued at approximately $1,765,409.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James Patrick Lynch sold 709 shares of the stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $67.27, for a total transaction of $47,694.43. Following the sale, the chief accounting officer now directly owns 25,249 shares of the company’s stock, valued at $1,698,500.23. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.
SJW Group Trading Down 0.8 %
SJW Group stock opened at $77.53 on Friday. The business’s fifty day moving average is $78.46 and its 200 day moving average is $69.69. SJW Group has a one year low of $55.74 and a one year high of $83.88. The stock has a market capitalization of $2.35 billion, a PE ratio of 40.38 and a beta of 0.60. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.50 and a quick ratio of 0.50.
SJW Group (NYSE:SJW – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.16. SJW Group had a net margin of 9.91% and a return on equity of 5.09%. The company had revenue of $175.98 million for the quarter, compared to the consensus estimate of $172.13 million. On average, sell-side analysts predict that SJW Group will post 2.36 EPS for the current year.
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 and wastewater services. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services and sewer operations to water utilities; and a Linebacker protection plan for public drinking water customers in Connecticut and Maine.
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