International Assets Investment Management LLC Purchases 11,978 Shares of SJW Group (NYSE:SJW)

International Assets Investment Management LLC boosted its position in SJW Group (NYSE:SJW) by 4,232.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,261 shares of the utilities provider’s stock after acquiring an additional 11,978 shares during the period. International Assets Investment Management LLC’s holdings in SJW Group were worth $712,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SJW. Nuance Investments LLC grew its holdings in SJW Group by 17.5% in the 2nd quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider’s stock worth $84,877,000 after acquiring an additional 233,601 shares during the last quarter. Millennium Management LLC grew its holdings in SJW Group by 2,491.2% in the 2nd quarter. Millennium Management LLC now owns 113,781 shares of the utilities provider’s stock worth $6,169,000 after acquiring an additional 109,390 shares during the last quarter. Edgestream Partners L.P. bought a new stake in SJW Group in the 1st quarter worth $2,424,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in SJW Group by 144.6% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 64,359 shares of the utilities provider’s stock worth $3,490,000 after acquiring an additional 38,044 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in SJW Group by 445.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 45,946 shares of the utilities provider’s stock worth $2,491,000 after acquiring an additional 37,521 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SJW. Bank of America began coverage on shares of SJW Group in a report on Friday, September 20th. They issued a “neutral” rating and a $65.00 price target on the stock. Wells Fargo & Company dropped their target price on shares of SJW Group from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Finally, StockNews.com cut shares of SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

SJW Group Trading Up 2.6 %

NYSE:SJW opened at $55.89 on Wednesday. The company has a 50-day moving average price of $58.18 and a 200-day moving average price of $57.00. SJW Group has a 12 month low of $51.17 and a 12 month high of $70.43. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 3.33 and a beta of 0.63.

SJW Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a yield of 2.86%. SJW Group’s dividend payout ratio (DPR) is currently 57.97%.

About SJW Group

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.