Edgestream Partners L.P. Acquires 28,417 Shares of SJW Group (NYSE:SJW)

Edgestream Partners L.P. lifted its holdings in shares of SJW Group (NYSE:SJW - Free Report) by 120.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 52,072 shares of the utilities provider's stock after purchasing an additional 28,417 shares during the period. Edgestream Partners L.P. owned about 0.16% of SJW Group worth $3,026,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in SJW. Arizona State Retirement System boosted its holdings in SJW Group by 2.3% in the second quarter. Arizona State Retirement System now owns 8,526 shares of the utilities provider's stock valued at $462,000 after acquiring an additional 189 shares in the last quarter. Chatham Capital Group Inc. raised its position in shares of SJW Group by 1.2% in the 2nd quarter. Chatham Capital Group Inc. now owns 26,552 shares of the utilities provider's stock worth $1,440,000 after purchasing an additional 320 shares during the last quarter. CWM LLC lifted its stake in shares of SJW Group by 184.2% in 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. Louisiana State Employees Retirement System boosted its stake in SJW Group by 2.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the utilities provider's stock valued at $802,000 after purchasing an additional 400 shares during the last quarter. Finally, US Bancorp DE increased its holdings in SJW Group by 53.8% in the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider's stock worth $73,000 after buying an additional 439 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

Analyst Ratings Changes

SJW has been the subject of a number of research reports. Bank of America initiated coverage on shares of SJW Group in a research note on Friday, September 20th. They set a "neutral" rating and a $65.00 target price for the company. Wells Fargo & Company lowered 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 report on Tuesday, October 29th. Finally, StockNews.com cut SJW Group from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th.

SJW Group Price Performance

SJW stock traded down $0.53 during trading on Monday, hitting $55.19. 144,843 shares of the company's stock traded hands, compared to its average volume of 190,757. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 3.35 and a beta of 0.63. SJW Group has a 52 week low of $51.17 and a 52 week high of $70.43. 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 business has a fifty day simple moving average of $56.70 and a 200 day simple moving average of $56.94.

SJW Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Monday, November 4th. SJW Group's dividend payout ratio (DPR) 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.