11,665 Shares in SJW Group (NYSE:SJW) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in SJW Group (NYSE:SJW) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,665 shares of the utilities provider’s stock, valued at approximately $574,000.

Several other institutional investors also recently modified their holdings of SJW. US Bancorp DE increased its position in shares of SJW Group by 53.8% in the third quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 439 shares during the last quarter. Van ECK Associates Corp increased its position in shares of SJW Group by 9.1% in the third quarter. Van ECK Associates Corp now owns 9,043 shares of the utilities provider’s stock worth $530,000 after purchasing an additional 755 shares during the last quarter. Atria Investments Inc increased its position in shares of SJW Group by 16.8% in the third quarter. Atria Investments Inc now owns 5,904 shares of the utilities provider’s stock worth $343,000 after purchasing an additional 850 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of SJW Group by 164.2% in the third quarter. GSA Capital Partners LLP now owns 12,923 shares of the utilities provider’s stock worth $751,000 after purchasing an additional 8,032 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of SJW Group in the third quarter worth approximately $225,000. 84.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on SJW shares. Wells Fargo & Company increased their price target on shares of SJW Group from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Bank of America upgraded shares of SJW Group from a “neutral” rating to a “buy” rating and reduced their price target for the company from $59.00 to $55.00 in a research report on Monday, February 3rd. Finally, StockNews.com upgraded shares of SJW Group from a “sell” rating to a “hold” rating in a research report on Friday, February 28th.

SJW Group Stock Up 1.9 %

Shares of NYSE SJW opened at $55.47 on Monday. SJW Group has a one year low of $44.91 and a one year high of $62.18. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77. The firm’s 50 day simple moving average is $50.32 and its two-hundred day simple moving average is $54.18. The stock has a market capitalization of $1.87 billion, a P/E ratio of 20.10, a PEG ratio of 3.94 and a beta of 0.58.

SJW Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Monday, February 10th. This is a positive change from SJW Group’s previous quarterly dividend of $0.40. SJW Group’s dividend payout ratio is 58.95%.

SJW Group 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.