SJW Group (NYSE:SJW) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in SJW Group (NYSE:SJW - Free Report) by 4,232.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,261 shares of the utilities provider's stock after acquiring an additional 11,978 shares during the period. International Assets Investment Management LLC's holdings in SJW Group were worth $712,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SJW. State Board of Administration of Florida Retirement System increased its stake in SJW Group by 133.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,303 shares of the utilities provider's stock worth $1,206,000 after buying an additional 12,182 shares during the period. Assenagon Asset Management S.A. increased its stake in SJW Group by 26.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 164,099 shares of the utilities provider's stock worth $8,897,000 after buying an additional 34,607 shares during the period. ProShare Advisors LLC increased its stake in SJW Group by 16.2% during the 1st quarter. ProShare Advisors LLC now owns 142,844 shares of the utilities provider's stock worth $8,084,000 after buying an additional 19,925 shares during the period. Boston Partners purchased a new stake in SJW Group during the 1st quarter worth $597,000. Finally, Keynote Financial Services LLC bought a new stake in shares of SJW Group in the 1st quarter worth about $1,555,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

SJW Group Stock Up 1.2 %

Shares of SJW traded up $0.66 during midday trading on Wednesday, hitting $56.58. The company had a trading volume of 303,324 shares, compared to its average volume of 189,097. SJW Group has a 52 week low of $51.17 and a 52 week high of $70.43. The company's 50 day moving average price is $58.13 and its 200 day moving average price is $57.01. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 3.30 and a beta of 0.63.

SJW Group Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, November 4th. SJW Group's dividend payout ratio (DPR) is presently 57.97%.

Analyst Ratings Changes

Several research firms have recently weighed in on SJW. StockNews.com downgraded shares of SJW Group from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th. Wells Fargo & Company dropped 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. Finally, Bank of America began coverage on shares of SJW Group in a research report on Friday, September 20th. They issued a "neutral" rating and a $65.00 target price for the company.

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.