Keynote Financial Services LLC Raises Holdings in SJW Group (NYSE:SJW)

Keynote Financial Services LLC lifted its stake in SJW Group (NYSE:SJW - Free Report) by 49.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,880 shares of the utilities provider's stock after buying an additional 14,460 shares during the quarter. SJW Group makes up 1.7% of Keynote Financial Services LLC's holdings, making the stock its 12th largest position. Keynote Financial Services LLC owned about 0.13% of SJW Group worth $2,160,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Duff & Phelps Investment Management Co. purchased a new position in SJW Group in the third quarter valued at $1,593,000. Geode Capital Management LLC increased its stake in shares of SJW Group by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider's stock valued at $42,006,000 after purchasing an additional 13,614 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in SJW Group by 5.9% in the 3rd 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 during the period. State of New Jersey Common Pension Fund D boosted its position in 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 worth $1,873,000 after purchasing an additional 3,952 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in SJW Group by 195.7% in the fourth quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider's stock valued at $1,571,000 after purchasing an additional 21,123 shares during the period. 84.29% of the stock is owned by institutional investors and hedge funds.

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SJW Group Price Performance

Shares of SJW Group stock traded down $0.29 on Wednesday, hitting $54.18. 218,560 shares of the company were exchanged, compared to its average volume of 286,845. 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 company has a 50-day moving average price of $50.02 and a 200 day moving average price of $54.27. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 3.94 and a beta of 0.65. SJW Group has a 1-year low of $44.91 and a 1-year high of $62.18.

SJW Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were paid a $0.42 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from SJW Group's previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.10%. SJW Group's dividend payout ratio (DPR) is 58.95%.

Wall Street Analyst Weigh In

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

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.