Daiwa Securities Group Inc. Increases Position in SJW Group (NYSE:SJW)

Daiwa Securities Group Inc. increased its stake in SJW Group (NYSE:SJW) by 15.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,707 shares of the utilities provider’s stock after purchasing an additional 501 shares during the quarter. Daiwa Securities Group Inc.’s holdings in SJW Group were worth $242,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SJW. SG Americas Securities LLC increased its holdings in shares of SJW Group by 957.8% in the 3rd quarter. SG Americas Securities LLC now owns 31,354 shares of the utilities provider’s stock valued at $1,885,000 after purchasing an additional 28,390 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in SJW Group by 7.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 25,344 shares of the utilities provider’s stock valued at $1,523,000 after acquiring an additional 1,733 shares during the last quarter. Raymond James & Associates grew its stake in SJW Group by 22.7% in the 3rd quarter. Raymond James & Associates now owns 100,779 shares of the utilities provider’s stock valued at $6,058,000 after acquiring an additional 18,619 shares during the last quarter. PATRIZIA Pty Ltd grew its stake in SJW Group by 12.2% in the 3rd quarter. PATRIZIA Pty Ltd now owns 115,717 shares of the utilities provider’s stock valued at $6,956,000 after acquiring an additional 12,587 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in SJW Group by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 318,255 shares of the utilities provider’s stock valued at $19,130,000 after acquiring an additional 3,264 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SJW. Wells Fargo & Company increased their price objective on shares of SJW Group from $61.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. StockNews.com raised shares of SJW Group from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Seaport Res Ptn raised shares of SJW Group from a “neutral” rating to a “buy” rating in a research note on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $66.00.

SJW Group Price Performance

SJW Group stock opened at $53.48 on Friday. SJW Group has a 12-month low of $51.37 and a 12-month high of $78.42. The stock has a market capitalization of $1.71 billion, a P/E ratio of 20.03, a P/E/G ratio of 2.67 and a beta of 0.58. The firm’s 50-day moving average is $55.82 and its two-hundred day moving average is $60.55. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.58 and a quick ratio of 0.58.

SJW Group (NYSE:SJW) last released its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). The firm had revenue of $171.34 million for the quarter, compared to analyst estimates of $161.23 million. SJW Group had a return on equity of 7.10% and a net margin of 12.68%. During the same period in the prior year, the business earned $1.09 earnings per share. Equities analysts predict that SJW Group will post 2.75 earnings per share for the current year.

SJW Group 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.