Fmr LLC Has $5.37 Million Stake in SJW Group (NYSE:SJW)

Fmr LLC boosted its stake in SJW Group (NYSE:SJW) by 37.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,386 shares of the utilities provider’s stock after buying an additional 25,212 shares during the quarter. Fmr LLC owned approximately 0.28% of SJW Group worth $5,369,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SJW. Cetera Advisors LLC acquired a new stake in SJW Group in the first quarter valued at approximately $247,000. CWM LLC increased its position in SJW Group by 184.2% during the second quarter. CWM LLC now owns 520 shares of the utilities provider’s stock worth $28,000 after buying an additional 337 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in SJW Group by 26.7% during the second quarter. Assenagon Asset Management S.A. now owns 164,099 shares of the utilities provider’s stock valued at $8,897,000 after buying an additional 34,607 shares in the last quarter. Raymond James & Associates boosted its position in SJW Group by 8.8% during the second quarter. Raymond James & Associates now owns 113,852 shares of the utilities provider’s stock worth $6,173,000 after purchasing an additional 9,165 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of SJW Group by 2.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the utilities provider’s stock worth $802,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SJW shares. Bank of America started coverage on SJW Group in a research note on Friday, September 20th. They set a “neutral” rating and a $65.00 target price for the company. StockNews.com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company cut 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 note on Tuesday, October 29th.

SJW Group Trading Up 0.6 %

Shares of SJW stock opened at $53.55 on Friday. The firm has a fifty day moving average of $55.93 and a 200-day moving average of $56.65. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 3.18 and a beta of 0.62. SJW Group has a 52-week low of $51.17 and a 52-week high of $70.43. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77.

SJW Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Monday, November 4th. SJW Group’s payout ratio is currently 57.97%.

SJW Group Company 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.