6,655 Shares in SJW Group (NYSE:SJW) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new position in shares of SJW Group (NYSE:SJW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,655 shares of the utilities provider's stock, valued at approximately $328,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in SJW Group by 47.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,079 shares of the utilities provider's stock valued at $102,000 after buying an additional 673 shares during the last quarter. Parkworth Wealth Management Inc. bought a new position in shares of SJW Group in the 4th quarter valued at about $178,000. HighTower Advisors LLC increased its position in shares of SJW Group by 5.6% in the fourth quarter. HighTower Advisors LLC now owns 4,430 shares of the utilities provider's stock valued at $218,000 after acquiring an additional 233 shares during the last quarter. Arete Wealth Advisors LLC acquired a new position in SJW Group during the fourth quarter valued at approximately $281,000. Finally, KLP Kapitalforvaltning AS bought a new position in SJW Group in the fourth quarter valued at approximately $300,000. 84.29% of the stock is owned by institutional investors and hedge funds.

SJW Group Stock Performance

Shares of SJW stock traded up $0.24 during midday trading on Friday, hitting $54.61. 204,187 shares of the company were exchanged, compared to its average volume of 228,556. SJW Group has a 52 week low of $44.91 and a 52 week high of $62.18. The firm has a market capitalization of $1.86 billion, a P/E ratio of 19.79, a PEG ratio of 3.94 and a beta of 0.56. The firm's 50 day moving average price is $53.19 and its two-hundred day moving average price is $53.03. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77.

SJW Group Increases Dividend

The company also recently disclosed 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. This is a boost from SJW Group's previous quarterly dividend of $0.40. The ex-dividend date was Monday, February 10th. This represents a $1.68 annualized dividend and a yield of 3.08%. SJW Group's dividend payout ratio (DPR) is presently 58.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. StockNews.com raised SJW Group from a "sell" rating to a "hold" rating in a report on Friday, February 28th. 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 note on Friday, February 28th. Finally, Bank of America raised shares of SJW Group from a "neutral" rating to a "buy" rating and dropped their target price for the company from $59.00 to $55.00 in a report on Monday, February 3rd.

About SJW Group

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.