Charles Schwab Investment Management Inc. Has $21.50 Million Stock Position in SJW Group (NYSE:SJW)

Charles Schwab Investment Management Inc. increased its stake in shares of SJW Group (NYSE:SJW - Free Report) by 5.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 369,967 shares of the utilities provider's stock after buying an additional 20,646 shares during the period. Charles Schwab Investment Management Inc. owned 1.13% of SJW Group worth $21,499,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SJW. CWM LLC lifted its holdings in shares of SJW Group by 184.2% during the second quarter. CWM LLC now owns 520 shares of the utilities provider's stock worth $28,000 after buying an additional 337 shares in the last quarter. Chris Bulman Inc bought a new position in SJW Group during the second quarter worth about $30,000. nVerses Capital LLC acquired a new stake in SJW Group in the 3rd quarter worth about $46,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in SJW Group by 576.5% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 761 shares during the period. Finally, US Bancorp DE grew its position in shares of SJW Group by 53.8% during the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider's stock worth $73,000 after purchasing an additional 439 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SJW. StockNews.com downgraded shares of SJW Group from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th. Bank of America started coverage on SJW Group in a research note on Friday, September 20th. They set a "neutral" rating and a $65.00 price objective on the stock. Finally, Wells Fargo & Company cut their target price on SJW Group from $63.00 to $61.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th.

SJW Group Price Performance

NYSE:SJW traded down $0.11 during mid-day trading on Friday, reaching $52.99. The stock had a trading volume of 105,879 shares, compared to its average volume of 191,497. SJW Group has a 12 month low of $51.17 and a 12 month high of $70.43. The stock has a market capitalization of $1.73 billion, a PE ratio of 19.20, a P/E/G ratio of 3.17 and a beta of 0.62. 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 stock has a 50-day simple moving average of $56.29 and a two-hundred day simple moving average of $56.74.

SJW Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.02%. The ex-dividend date was Monday, November 4th. SJW Group's payout ratio is 57.97%.

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.