SJW Group (NYSE:SJW) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in shares of SJW Group (NYSE:SJW - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,911 shares of the utilities provider's stock after purchasing an additional 20,944 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.20% of SJW Group worth $19,241,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Keynote Financial Services LLC increased its holdings in shares of SJW Group by 49.2% during the 4th quarter. Keynote Financial Services LLC now owns 43,880 shares of the utilities provider's stock valued at $2,160,000 after purchasing an additional 14,460 shares in the last quarter. Versor Investments LP increased its holdings in shares of SJW Group by 42.1% during the 4th quarter. Versor Investments LP now owns 9,989 shares of the utilities provider's stock valued at $492,000 after purchasing an additional 2,957 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of SJW Group during the 4th quarter valued at approximately $574,000. Illinois Municipal Retirement Fund increased its holdings in shares of SJW Group by 7.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 16,555 shares of the utilities provider's stock valued at $815,000 after purchasing an additional 1,175 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of SJW Group by 6.2% during the 4th quarter. Bank of New York Mellon Corp now owns 327,589 shares of the utilities provider's stock valued at $16,124,000 after purchasing an additional 19,136 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

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SJW Group Price Performance

NYSE SJW traded down $0.73 on Friday, hitting $51.41. The company had a trading volume of 545,492 shares, compared to its average volume of 202,750. The company has a market capitalization of $1.73 billion, a PE ratio of 18.63, a PEG ratio of 3.94 and a beta of 0.58. The company's fifty day moving average price is $51.47 and its 200-day moving average price is $53.85. 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 has a 12-month low of $44.91 and a 12-month high of $62.18.

SJW Group Increases Dividend

The firm also recently announced 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. This represents a $1.68 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from SJW Group's previous quarterly dividend of $0.40. SJW Group's payout ratio is 58.95%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SJW. StockNews.com raised shares of SJW Group from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Bank of America raised shares of 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. Finally, Wells Fargo & Company boosted their price target on shares of SJW Group from $53.00 to $57.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th.

About SJW Group

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.