208,360 Shares in SJW Group (NYSE:SJW) Purchased by Norges Bank

Norges Bank purchased a new stake in SJW Group (NYSE:SJW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 208,360 shares of the utilities provider's stock, valued at approximately $10,255,000. Norges Bank owned approximately 0.64% of SJW Group at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC raised its position in shares of SJW Group by 37.5% during the third quarter. FMR LLC now owns 92,386 shares of the utilities provider's stock worth $5,369,000 after purchasing an additional 25,212 shares during the period. BNP Paribas Financial Markets increased its stake in SJW Group by 18.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 19,180 shares of the utilities provider's stock valued at $1,115,000 after purchasing an additional 2,990 shares in the last quarter. Point72 DIFC Ltd raised its holdings in SJW Group by 81.4% during the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider's stock worth $41,000 after buying an additional 316 shares during the last quarter. XTX Topco Ltd bought a new position in shares of SJW Group in the third quarter valued at $464,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of SJW Group during the third quarter valued at about $594,000. Institutional investors and hedge funds own 84.29% of the company's stock.

SJW Group Stock Up 3.5 %

SJW stock traded up $1.79 during trading on Friday, reaching $53.42. The stock had a trading volume of 645,894 shares, compared to its average volume of 226,863. SJW Group has a one year low of $44.91 and a one year high of $62.18. The company's 50 day moving average is $52.86 and its two-hundred day moving average is $53.07. 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 market capitalization of $1.82 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 3.94 and a beta of 0.56.

SJW Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.14%. This is an increase from SJW Group's previous quarterly dividend of $0.40. The ex-dividend date was Monday, February 10th. SJW Group's dividend payout ratio (DPR) is presently 58.95%.

Analyst Ratings Changes

SJW has been the topic of several recent research reports. Bank of America raised shares of SJW Group from a "neutral" rating to a "buy" rating and dropped their price target for the company from $59.00 to $55.00 in a research report on Monday, February 3rd. StockNews.com raised SJW Group from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company increased 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 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.