SG Americas Securities LLC Purchases 21,123 Shares of SJW Group (NYSE:SJW)

SG Americas Securities LLC lifted its stake in SJW Group (NYSE:SJW - Free Report) by 195.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,919 shares of the utilities provider's stock after purchasing an additional 21,123 shares during the period. SG Americas Securities LLC owned approximately 0.10% of SJW Group worth $1,571,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Duff & Phelps Investment Management Co. purchased a new stake in shares of SJW Group in the third quarter valued at $1,593,000. Geode Capital Management LLC raised its holdings in shares of SJW Group by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider's stock worth $42,006,000 after purchasing an additional 13,614 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of SJW Group by 5.9% in the 3rd 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 in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of SJW Group during the 3rd quarter worth about $620,000. Finally, FMR LLC increased its position in SJW Group by 37.5% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

SJW Group Price Performance

Shares of NYSE SJW traded up $0.59 during mid-day trading on Friday, reaching $50.21. 208,529 shares of the company traded hands, compared to its average volume of 269,060. SJW Group has a fifty-two week low of $44.91 and a fifty-two week high of $62.18. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a fifty day simple moving average of $50.43 and a 200-day simple moving average of $55.45. The firm has a market cap of $1.64 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 3.64 and a beta of 0.65.

SJW Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a dividend of $0.42 per share. This is a boost from SJW Group's previous quarterly dividend of $0.40. The ex-dividend date is Monday, February 10th. This represents a $1.68 dividend on an annualized basis and a yield of 3.35%. SJW Group's dividend payout ratio (DPR) is currently 57.97%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered their target price on SJW Group from $61.00 to $53.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. StockNews.com lowered shares of SJW Group from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th.

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.