42,246 Shares in SJW Group (NYSE:SJW) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in shares of SJW Group (NYSE:SJW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 42,246 shares of the utilities provider's stock, valued at approximately $2,079,000. New Age Alpha Advisors LLC owned about 0.13% of SJW Group at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Duff & Phelps Investment Management Co. bought a new stake in shares of SJW Group during the 3rd quarter valued at about $1,593,000. Geode Capital Management LLC raised its holdings 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 during the period. Charles Schwab Investment Management Inc. boosted its position in shares of SJW Group by 5.9% during 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 in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of SJW Group by 11.6% in the 4th 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 buying an additional 3,952 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of SJW Group by 195.7% in the 4th 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. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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SJW Group Stock Down 0.8 %

SJW stock traded down $0.43 during mid-day trading on Wednesday, reaching $53.74. 71,557 shares of the company traded hands, compared to its average volume of 219,029. 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 firm's 50 day moving average price is $52.24 and its 200 day moving average price is $53.51. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 3.94 and a beta of 0.58. SJW Group has a fifty-two week low of $44.91 and a fifty-two week high of $62.18.

SJW Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a dividend of $0.42 per share. The ex-dividend date was Monday, February 10th. This represents a $1.68 annualized dividend and a yield of 3.13%. This is an increase from SJW Group's previous quarterly dividend of $0.40. SJW Group's dividend payout ratio is 58.95%.

Analyst Ratings Changes

Several brokerages have issued reports on SJW. Bank of America upgraded SJW Group from a "neutral" rating to a "buy" rating and cut their price target for the stock from $59.00 to $55.00 in a report on Monday, February 3rd. Wells Fargo & Company increased their target price on SJW Group from $53.00 to $57.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Finally, StockNews.com raised shares of 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.