First National Corp MA ADV Makes New $931,000 Investment in SJW Group (NYSE:SJW)

First National Corp MA ADV acquired a new stake in SJW Group (NYSE:SJW - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,919 shares of the utilities provider's stock, valued at approximately $931,000. First National Corp MA ADV owned 0.06% of SJW Group at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Canvas Wealth Advisors LLC grew its position in SJW Group by 8.4% in the fourth quarter. Canvas Wealth Advisors LLC now owns 7,038 shares of the utilities provider's stock valued at $346,000 after purchasing an additional 546 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of SJW Group by 1.2% during the 4th quarter. State of Alaska Department of Revenue now owns 17,198 shares of the utilities provider's stock worth $846,000 after buying an additional 210 shares during the last quarter. SG Americas Securities LLC raised its stake in SJW Group by 195.7% in the 4th quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider's stock worth $1,571,000 after purchasing an additional 21,123 shares in the last quarter. Ballentine Partners LLC raised its stake in SJW Group by 26.4% in the 4th quarter. Ballentine Partners LLC now owns 6,943 shares of the utilities provider's stock worth $342,000 after purchasing an additional 1,452 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in SJW Group by 162.6% in the 3rd quarter. Franklin Resources Inc. now owns 42,810 shares of the utilities provider's stock worth $2,504,000 after purchasing an additional 26,505 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com cut shares of SJW Group from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th. Bank of America upgraded shares of SJW Group from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $59.00 to $55.00 in a research note on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of SJW Group from $61.00 to $53.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th.

SJW Group Price Performance

SJW stock traded up $0.57 during mid-day trading on Thursday, hitting $52.67. The stock had a trading volume of 144,299 shares, compared to its average volume of 288,403. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. 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 $1.72 billion, a P/E ratio of 19.08, a P/E/G ratio of 3.89 and a beta of 0.65. The firm has a fifty day simple moving average of $49.79 and a 200 day simple moving average of $54.91.

SJW Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a dividend of $0.42 per share. The ex-dividend date is 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 dividend yield of 3.19%. SJW Group's payout ratio is 57.97%.

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.