Nuance Investments LLC Buys 52,029 Shares of SJW Group (NYSE:SJW)

Nuance Investments LLC boosted its holdings in shares of SJW Group (NYSE:SJW - Free Report) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,256,548 shares of the utilities provider's stock after buying an additional 52,029 shares during the quarter. SJW Group comprises 2.5% of Nuance Investments LLC's portfolio, making the stock its 14th biggest holding. Nuance Investments LLC owned 3.84% of SJW Group worth $61,872,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SJW. Duff & Phelps Investment Management Co. bought a new position in shares of SJW Group in the 3rd quarter valued at approximately $1,593,000. Geode Capital Management LLC grew its holdings in 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 last quarter. Charles Schwab Investment Management Inc. raised its position in shares of SJW Group by 5.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider's stock valued at $21,499,000 after purchasing an additional 20,646 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of SJW Group by 11.6% in 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 buying an additional 3,952 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of SJW Group by 195.7% during the 4th quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider's stock worth $1,571,000 after buying an additional 21,123 shares during the period. 84.29% of the stock is currently owned by institutional investors.

SJW Group Stock Performance

SJW stock traded up $1.32 on Friday, reaching $53.60. 284,319 shares of the company were exchanged, compared to its average volume of 218,656. The firm has a market capitalization of $1.80 billion, a PE ratio of 19.42, a PEG ratio of 3.94 and a beta of 0.58. SJW Group has a 12 month low of $44.91 and a 12 month high of $62.18. The stock's fifty day moving average price is $51.99 and its 200 day moving average price is $53.60. 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 Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SJW shares. StockNews.com upgraded shares of SJW Group from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Bank of America upgraded SJW Group from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $59.00 to $55.00 in a research note on Monday, February 3rd. Finally, Wells Fargo & Company increased their target price on SJW Group from $53.00 to $57.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th.

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.