Proficio Capital Partners LLC Invests $574,000 in SJW Group (NYSE:SJW)

Proficio Capital Partners LLC bought a new stake in SJW Group (NYSE:SJW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,665 shares of the utilities provider's stock, valued at approximately $574,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Point72 DIFC Ltd raised its holdings in SJW Group by 81.4% in the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 316 shares in the last quarter. US Bancorp DE lifted its position in 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 purchasing an additional 439 shares during the period. Meeder Asset Management Inc. bought a new stake in SJW Group during the third quarter worth about $140,000. Aigen Investment Management LP acquired a new stake in SJW Group during the third quarter worth about $225,000. Finally, MQS Management LLC bought a new position in SJW Group in the 3rd quarter valued at about $233,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

SJW Group Price Performance

SJW stock traded down $2.05 during trading on Wednesday, reaching $52.83. 230,503 shares of the company were exchanged, compared to its average volume of 203,478. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 3.94 and a beta of 0.58. 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 company has a 50-day moving average of $50.63 and a two-hundred day moving average of $54.13. SJW Group has a twelve month low of $44.91 and a twelve month high of $62.18.

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SJW Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a dividend of $0.42 per share. The ex-dividend date was Monday, February 10th. This is an increase from SJW Group's previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 3.18%. SJW Group's dividend payout ratio is 58.95%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SJW. StockNews.com upgraded shares of SJW Group from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Bank of America raised SJW Group from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $59.00 to $55.00 in a report on Monday, February 3rd. Finally, Wells Fargo & Company upped their price objective on SJW Group from $53.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th.

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.