Fmr LLC Boosts Position in SJW Group (NYSE:SJW)

FMR LLC lifted its position in SJW Group (NYSE:SJW - Free Report) by 37.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,386 shares of the utilities provider's stock after acquiring an additional 25,212 shares during the quarter. FMR LLC owned 0.28% of SJW Group worth $5,369,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SJW. Nuance Investments LLC increased its holdings in shares of SJW Group by 17.5% in the 2nd quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider's stock valued at $84,877,000 after acquiring an additional 233,601 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in SJW Group by 5.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider's stock worth $21,499,000 after purchasing an additional 20,646 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of SJW Group by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 339,990 shares of the utilities provider's stock valued at $18,434,000 after buying an additional 4,357 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of SJW Group by 29.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 212,299 shares of the utilities provider's stock valued at $12,337,000 after buying an additional 48,200 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of SJW Group by 8.8% in the 2nd quarter. Raymond James & Associates now owns 113,852 shares of the utilities provider's stock worth $6,173,000 after buying an additional 9,165 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

SJW Group Stock Performance

SJW Group stock traded up $0.78 during mid-day trading on Friday, reaching $54.33. 157,954 shares of the company traded hands, compared to its average volume of 190,348. The firm's fifty day moving average is $55.93 and its two-hundred day moving average is $56.65. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 3.20 and a beta of 0.62. SJW Group has a fifty-two week low of $51.17 and a fifty-two week high of $70.43. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77.

SJW Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a dividend of $0.40 per share. The ex-dividend date was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a yield of 2.94%. SJW Group's dividend payout ratio is currently 57.97%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SJW shares. Wells Fargo & Company decreased their target price on shares of 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. Bank of America began coverage on SJW Group in a research report on Friday, September 20th. They issued a "neutral" rating and a $65.00 price objective for the company. Finally, StockNews.com lowered SJW Group from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th.

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.