Geode Capital Management LLC Buys 22,890 Shares of SJW Group (NYSE:SJW)

Geode Capital Management LLC raised its position in shares of SJW Group (NYSE:SJW - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 745,624 shares of the utilities provider's stock after acquiring an additional 22,890 shares during the quarter. Geode Capital Management LLC owned approximately 2.28% of SJW Group worth $36,708,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D boosted its position in shares of SJW Group by 11.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 38,063 shares of the utilities provider's stock valued at $1,873,000 after purchasing an additional 3,952 shares in the last quarter. SG Americas Securities LLC lifted its position in SJW Group by 195.7% during the fourth quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider's stock valued at $1,571,000 after buying an additional 21,123 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of SJW Group during the 4th quarter valued at $574,000. Barclays PLC grew its position in shares of SJW Group by 376.0% in the 3rd quarter. Barclays PLC now owns 60,140 shares of the utilities provider's stock worth $3,495,000 after buying an additional 47,506 shares during the period. Finally, Norges Bank purchased a new stake in shares of SJW Group in the 4th quarter worth about $10,255,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

SJW Group Stock Performance

SJW stock traded up $0.24 during trading on Friday, reaching $54.61. The stock had a trading volume of 204,187 shares, compared to its average volume of 228,111. The firm has a market cap of $1.86 billion, a PE ratio of 19.79, a PEG ratio of 3.94 and a beta of 0.56. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. The stock's 50 day moving average is $53.19 and its two-hundred day moving average is $52.97. SJW Group has a 52 week low of $44.91 and a 52 week high of $62.18.

SJW Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a $0.42 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.68 annualized dividend and a dividend yield of 3.08%. This is an increase from SJW Group's previous quarterly dividend of $0.40. SJW Group's dividend payout ratio (DPR) is 58.95%.

Wall Street Analyst Weigh In

SJW has been the subject of a number of recent research reports. Wells Fargo & Company lifted 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 report on Friday, February 28th. Bank of America raised SJW Group from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $59.00 to $55.00 in a research report on Monday, February 3rd. Finally, StockNews.com raised SJW Group from a "sell" rating to a "hold" rating in a research report on Friday, February 28th.

SJW Group Company 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.