Fintel reports that on February 3, 2025, B of A Securities upgraded their outlook for SJW Group (NasdaqGS:SJW) from Neutral to Buy.
Analyst Price Forecast Suggests 22.25% Upside
As of January 29, 2025, the average one-year price target for SJW Group is $61.40/share. The forecasts range from a low of $53.53 to a high of $69.30. The average price target represents an increase of 22.25% from its latest reported closing price of $50.23 / share.
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The projected annual revenue for SJW Group is 669MM, a decrease of 7.31%. The projected annual non-GAAP EPS is 2.94.
What is the Fund Sentiment?
There are 507 funds or institutions reporting positions in SJW Group. This is an increase of 1 owner(s) or 0.20% in the last quarter. Average portfolio weight of all funds dedicated to SJW is 0.14%, an increase of 3.80%. Total shares owned by institutions increased in the last three months by 15.31% to 32,248K shares. 
The put/call ratio of SJW is 1.17, indicating a bearish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 1,899K shares representing 5.71% ownership of the company. In its prior filing, the firm reported owning 1,897K shares , representing an increase of 0.10%. The firm decreased its portfolio allocation in SJW by 3.73% over the last quarter.
Cerity Partners holds 1,458K shares representing 4.38% ownership of the company. In its prior filing, the firm reported owning 1,456K shares , representing an increase of 0.15%. The firm decreased its portfolio allocation in SJW by 9.74% over the last quarter.
Amundi holds 1,368K shares representing 4.11% ownership of the company. In its prior filing, the firm reported owning 1,199K shares , representing an increase of 12.39%. The firm decreased its portfolio allocation in SJW by 94.22% over the last quarter.
Nuance Investments holds 1,205K shares representing 3.62% ownership of the company. In its prior filing, the firm reported owning 1,565K shares , representing a decrease of 29.96%. The firm decreased its portfolio allocation in SJW by 9.36% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 900K shares representing 2.71% ownership of the company. In its prior filing, the firm reported owning 890K shares , representing an increase of 1.13%. The firm increased its portfolio allocation in SJW by 1.82% over the last quarter.
SJW Group Background Information
(This description is provided by the company.)
SJW Group is the second-largest investor-owned pure-play water and wastewater utility, based on estimated rate base, in the United States, providing lifesaving and high-quality water service to nearly 1.5 million people. SJW Group's locally led and operated water utilities - San Jose Water Company in California, The Connecticut Water Company in Connecticut, The Maine Water Company in Maine, and SJWTX, Inc. (dba Canyon Lake Water Service Company) in Texas - possess the financial strength, operational expertise, and technological innovation to safeguard the environment, deliver outstanding service to customers, and provide opportunities to employees. SJW Group remains focused on investing in its operations, remaining actively engaged in its local communities, and delivering continued sustainable value to its shareholders.
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This story originally appeared on Fintel.
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