SJW Group (NYSE:SJW) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in SJW Group (NYSE:SJW - Free Report) by 29.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,299 shares of the utilities provider's stock after purchasing an additional 48,200 shares during the quarter. Assenagon Asset Management S.A. owned about 0.65% of SJW Group worth $12,337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of SJW Group by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 2,465,745 shares of the utilities provider's stock worth $161,136,000 after buying an additional 78,289 shares during the period. Nuance Investments LLC lifted its position in SJW Group by 17.5% during the 2nd quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider's stock worth $84,877,000 after acquiring an additional 233,601 shares during the period. Bank of New York Mellon Corp grew its stake in SJW Group by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 339,990 shares of the utilities provider's stock valued at $18,434,000 after purchasing an additional 4,357 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of SJW Group by 16.2% in the first quarter. ProShare Advisors LLC now owns 142,844 shares of the utilities provider's stock valued at $8,084,000 after purchasing an additional 19,925 shares during the period. Finally, Clean Yield Group increased its holdings in shares of SJW Group by 4.7% in the second quarter. Clean Yield Group now owns 120,949 shares of the utilities provider's stock valued at $6,558,000 after purchasing an additional 5,460 shares during the period. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

SJW Group Stock Performance

SJW stock traded up $1.27 during midday trading on Monday, hitting $57.69. 229,483 shares of the stock traded hands, compared to its average volume of 187,961. The stock's fifty day simple moving average is $58.48 and its 200-day simple moving average is $56.90. The firm has a market cap of $1.89 billion, a P/E ratio of 21.21, a PEG ratio of 3.42 and a beta of 0.62. SJW Group has a 1-year low of $51.17 and a 1-year high of $70.43. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.49 and a quick ratio of 0.49.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SJW. Wells Fargo & Company upped their target price on SJW Group from $62.00 to $63.00 and gave the company an "equal weight" rating in a research report on Friday, July 26th. Bank of America initiated coverage on shares of SJW Group in a report on Friday, September 20th. They issued a "neutral" rating and a $65.00 price objective on the stock.

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.