New Age Alpha Advisors LLC Takes Position in SJW Group (NYSE:SJW)

New Age Alpha Advisors LLC acquired a new position in SJW Group (NYSE:SJW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 42,246 shares of the utilities provider's stock, valued at approximately $2,079,000. New Age Alpha Advisors LLC owned approximately 0.13% of SJW Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted 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 worth $128,840,000 after buying an additional 72,081 shares during the period. Nuance Investments LLC lifted its stake in shares of SJW Group by 4.3% in the 4th 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 period. Geode Capital Management LLC boosted its position in shares of SJW Group by 1.9% during the third 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. grew its stake in SJW Group by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 390,911 shares of the utilities provider's stock worth $19,241,000 after purchasing an additional 20,944 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in SJW Group by 6.2% in the fourth quarter. Bank of New York Mellon Corp now owns 327,589 shares of the utilities provider's stock worth $16,124,000 after purchasing an additional 19,136 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SJW. StockNews.com upgraded shares of SJW Group from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Wells Fargo & Company lifted their target price on shares of SJW Group from $53.00 to $57.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, 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.

SJW Group Stock Up 3.4 %

SJW stock traded up $1.83 during trading on Thursday, hitting $55.70. 62,132 shares of the stock traded hands, compared to its average volume of 218,636. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 3.94 and a beta of 0.58. 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 has a 1 year low of $44.91 and a 1 year high of $62.18. The firm's 50 day moving average is $52.40 and its two-hundred day moving average is $53.51.

SJW Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.42 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 3.02%. SJW Group's dividend payout ratio (DPR) is presently 58.95%.

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.