SJW Group (NYSE:SJW) Shares Bought by Arizona State Retirement System

Arizona State Retirement System increased its stake in SJW Group (NYSE:SJW) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,526 shares of the utilities provider’s stock after purchasing an additional 189 shares during the period. Arizona State Retirement System’s holdings in SJW Group were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Comerica Bank boosted its stake in SJW Group by 1.0% in the 4th quarter. Comerica Bank now owns 18,600 shares of the utilities provider’s stock worth $1,215,000 after purchasing an additional 182 shares in the last quarter. Maryland State Retirement & Pension System raised its position in SJW Group by 0.6% during the 1st quarter. Maryland State Retirement & Pension System now owns 35,299 shares of the utilities provider’s stock worth $1,850,000 after buying an additional 195 shares during the last quarter. Chatham Capital Group Inc. raised its position in SJW Group by 1.2% during the 2nd quarter. Chatham Capital Group Inc. now owns 26,552 shares of the utilities provider’s stock worth $1,440,000 after buying an additional 320 shares during the last quarter. Texas Permanent School Fund Corp raised its position in SJW Group by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 25,432 shares of the utilities provider’s stock worth $1,439,000 after buying an additional 329 shares during the last quarter. Finally, CWM LLC raised its position in SJW Group by 184.2% during the 2nd 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. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised their price target on shares of SJW Group from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th.

SJW Group Price Performance

NYSE:SJW opened at $60.80 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 2.81 and a beta of 0.63. The company has a 50 day moving average price of $58.95 and a 200-day moving average price of $56.45. SJW Group has a 1-year low of $51.17 and a 1-year high of $70.43.

SJW Group (NYSE:SJW) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. The firm had revenue of $176.17 million during the quarter, compared to analyst estimates of $165.10 million. SJW Group had a net margin of 12.48% and a return on equity of 7.10%. Equities research analysts forecast that SJW Group will post 2.76 EPS for the current year.

SJW Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Monday, August 5th. SJW Group’s dividend payout ratio (DPR) is 60.15%.

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.