Geode Capital Management LLC Has $42.01 Million Holdings in SJW Group (NYSE:SJW)

Geode Capital Management LLC grew its holdings in SJW Group (NYSE:SJW) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 722,734 shares of the utilities provider’s stock after purchasing an additional 13,614 shares during the period. Geode Capital Management LLC owned about 2.21% of SJW Group worth $42,006,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Arizona State Retirement System grew its position in SJW Group by 2.3% during the second quarter. Arizona State Retirement System now owns 8,526 shares of the utilities provider’s stock valued at $462,000 after purchasing an additional 189 shares in the last quarter. Point72 DIFC Ltd increased its stake in shares of SJW Group by 81.4% in the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 316 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of SJW Group by 2.8% in the second quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the utilities provider’s stock worth $802,000 after acquiring an additional 400 shares during the last quarter. US Bancorp DE raised its holdings in shares of SJW Group by 53.8% during the third quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 439 shares in the last quarter. Finally, Chris Bulman Inc acquired a new stake in SJW Group during the second quarter valued at $30,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

SJW Group Stock Performance

SJW opened at $49.07 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $1.61 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 3.26 and a beta of 0.62. The stock has a 50-day moving average of $55.36 and a 200-day moving average of $56.60. SJW Group has a 52-week low of $48.83 and a 52-week high of $67.09.

SJW Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 annualized dividend and a yield of 3.26%. SJW Group’s dividend payout ratio (DPR) is presently 57.97%.

Analyst Ratings Changes

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

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.