SJW Group (NYSE:SJW) Stake Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of SJW Group (NYSE:SJW - Free Report) by 131.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 153,687 shares of the utilities provider's stock after acquiring an additional 87,260 shares during the quarter. JPMorgan Chase & Co. owned about 0.47% of SJW Group worth $7,564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SJW. Vanguard Group Inc. increased its holdings in SJW Group by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider's stock valued at $128,840,000 after buying an additional 72,081 shares in the last quarter. Nuance Investments LLC grew its holdings in SJW Group by 4.3% in the fourth quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider's stock valued at $61,872,000 after purchasing an additional 52,029 shares during the last quarter. Barclays PLC boosted 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in SJW Group in the 4th quarter valued at about $1,942,000. Finally, Franklin Resources Inc. raised its position in SJW Group by 162.6% during the third quarter. Franklin Resources Inc. now owns 42,810 shares of the utilities provider's stock worth $2,504,000 after acquiring an additional 26,505 shares during the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SJW has been the topic of a number of analyst reports. Bank of America upgraded shares of SJW Group from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $59.00 to $55.00 in a research report on Monday, February 3rd. StockNews.com raised shares of SJW Group from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company boosted their price target on SJW Group from $53.00 to $57.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th.

SJW Group Stock Down 1.1 %

Shares of NYSE:SJW traded down $0.58 during mid-day trading on Monday, hitting $54.03. 53,663 shares of the company traded hands, compared to its average volume of 227,430. The firm has a market cap of $1.84 billion, a P/E ratio of 19.58, a PEG ratio of 3.94 and a beta of 0.56. SJW Group has a 52-week low of $44.91 and a 52-week high of $62.18. The firm's 50 day simple moving average is $53.19 and its 200 day simple moving average is $52.97. 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a dividend of $0.42 per share. This is an increase from SJW Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.68 annualized dividend and a yield of 3.11%. SJW Group's payout ratio is 58.95%.

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.