Canada Pension Plan Investment Board Grows Stock Holdings in SJW Group (NYSE:SJW)

Canada Pension Plan Investment Board grew its holdings in shares of SJW Group (NYSE:SJW - Free Report) by 120.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,400 shares of the utilities provider's stock after purchasing an additional 20,400 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.11% of SJW Group worth $1,841,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SJW. Vanguard Group Inc. increased its holdings in SJW Group by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider's stock worth $128,840,000 after buying an additional 72,081 shares during the last quarter. Nuance Investments LLC increased its stake in shares of SJW Group by 4.3% during the 4th quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider's stock worth $61,872,000 after purchasing an additional 52,029 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of SJW Group by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 745,624 shares of the utilities provider's stock worth $36,708,000 after purchasing an additional 22,890 shares during the period. Invesco Ltd. lifted its stake in SJW Group by 1.0% in the fourth quarter. Invesco Ltd. now owns 571,505 shares of the utilities provider's stock valued at $28,129,000 after purchasing an additional 5,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in SJW Group by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 390,911 shares of the utilities provider's stock valued at $19,241,000 after purchasing an additional 20,944 shares during the period. 84.29% of the stock is currently owned by institutional investors.

SJW Group Price Performance

Shares of SJW traded down $0.57 during trading hours on Monday, reaching $53.20. 93,460 shares of the company's stock traded hands, compared to its average volume of 280,764. SJW Group has a 12 month low of $44.91 and a 12 month high of $62.18. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. The stock has a market cap of $1.82 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 3.94 and a beta of 0.56. The firm's 50 day simple moving average is $53.37 and its 200-day simple moving average is $52.88.

SJW Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from SJW Group's previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 3.16%. SJW Group's payout ratio is presently 58.95%.

Analysts Set New Price Targets

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