Breaking: Will SJW Group Run Out of Steam Soon?

Breaking: Will SJW Group Run Out of Steam Soon?

The stock of SJW Group (NYSE:SJW) reached all time high today, Nov, 29 and still has $57.57 target or 4.00% above today’s $55.36 share price. This indicates more upside for the $1.16 billion company. This technical setup was reported by Barchart.com. If the $57.57 PT is reached, the company will be worth $46.40 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 63,530 shares traded hands. SJW Group (NYSE:SJW) has risen 51.47% since April 26, 2016 and is uptrending. It has outperformed by 46.21% the S&P500.

Analysts await SJW Group (NYSE:SJW) to report earnings on February, 16. They expect $0.65 EPS, down 17.72% or $0.14 from last year’s $0.79 per share. SJW’s profit will be $13.62 million for 21.30 P/E if the $0.65 EPS becomes a reality. After $0.92 actual EPS reported by SJW Group for the previous quarter, Wall Street now forecasts -29.35% negative EPS growth.

SJW Group (NYSE:SJW) Ratings Coverage

Out of 2 analysts covering SJW Corp (NYSE:SJW), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. SJW Corp has been the topic of 2 analyst reports since February 22, 2016 according to StockzIntelligence Inc. The stock of SJW Group (NYSE:SJW) has “Outperform” rating given on Monday, February 22 by Robert W. Baird.

According to Zacks Investment Research, “SJW CORP. is a holding company which operates through its wholly-owned subsidiaries, San Jose Water Co., SJW Land Co., and Western Precision, Inc. San Jose Water Co., is a public utility in the business of providing water service to a population of approximately 928,000 people. Their service area encompasses about 134 sq. miles in the metropolitan San Juan area. SJW Land Co. operates parking facilities located adjacent to the their headquarters and the San Jose area.”

Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.12, from 0.94 in 2016Q1. The ratio dived, as 19 funds sold all SJW Group shares owned while 45 reduced positions. 18 funds bought stakes while 42 increased positions. They now own 8.57 million shares or 9.43% less from 9.46 million shares in 2016Q1.
Moreover, Citadel Limited Liability has 0% invested in SJW Group (NYSE:SJW) for 14,646 shares. Millennium Ltd Llc holds 0% of its portfolio in SJW Group (NYSE:SJW) for 37,125 shares. M&R owns 400 shares or 0% of their US portfolio. Los Angeles Capital & Equity Research has 5,860 shares for 0% of their US portfolio. Ameriprise has 163,079 shares for 0% of their US portfolio. Tudor Investment Corporation Et Al last reported 7,105 shares in the company. Moreover, Wfg Advsrs Limited Partnership has 0.19% invested in SJW Group (NYSE:SJW) for 18,361 shares. Ladenburg Thalmann Financial holds 0% or 323 shares in its portfolio. D E Shaw & Communication accumulated 31,460 shares or 0% of the stock. Blackrock Grp Limited holds 26,445 shares or 0% of its portfolio. Next Financial Grp Inc last reported 0% of its portfolio in the stock. Comerica Comml Bank last reported 0.01% of its portfolio in the stock. Renaissance Tech Limited Liability Corporation last reported 0.02% of its portfolio in the stock. Connor Clark & Lunn Management reported 23,325 shares or 0.01% of all its holdings. Parametric Port Associate Lc last reported 59,185 shares in the company.

Insider Transactions: Since September 1, 2016, the stock had 0 buys, and 4 selling transactions for $236,626 net activity. 240 shares with value of $10,236 were sold by Lynch James Patrick on Thursday, September 1. Jensen Palle sold $210,417 worth of stock.

More recent SJW Group (NYSE:SJW) news were published by: Investorplace.com which released: “5 Stocks With Strong Earnings Growth — SJW BELFB BDC NANO COO” on November 29, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: SJW, FirstEnergy and California Water Service Group” on November 01, 2016. Businesswire.com‘s news article titled: “SJW Corp. Announces the California Public Utilities Commission’s Decision on …” with publication date: June 14, 2016 was also an interesting one.

SJW Company Profile

SJW Corp., incorporated on February 8, 1985, is a holding company. The Firm has approximately five subsidiaries: San Jose Water Company, SJWTX, Inc., SJW Land Company, Texas Water Alliance Limited (TWA) and SJW Group, Inc. SJWTX, Inc. is doing business as Canyon Lake Water Service Company (CLWSC). The Firm operates through two divisions. The Company’s segment, Water Utility Services, provides water utility and utility-related services to its clients through its subsidiaries, San Jose Water Company, CLWSC and TWA. The Real Estate Services segment includes property management and investment activity conducted by SJW Land Company.

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