SJW Group (NYSE:SJW) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group grew its holdings in SJW Group (NYSE:SJW - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 291,580 shares of the utilities provider's stock after acquiring an additional 10,651 shares during the period. Schroder Investment Management Group owned about 0.89% of SJW Group worth $14,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SJW. Vanguard Group Inc. raised its holdings in shares of SJW Group by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider's stock valued at $128,840,000 after buying an additional 72,081 shares during the period. Nuance Investments LLC grew its position in SJW Group by 4.3% in the fourth quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider's stock valued at $61,872,000 after acquiring an additional 52,029 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 period. Charles Schwab Investment Management Inc. lifted its position in shares of SJW Group by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 390,911 shares of the utilities provider's stock worth $19,241,000 after purchasing an additional 20,944 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of SJW Group by 6.2% in the fourth 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 during the period. Institutional investors and hedge funds own 84.29% of the company's stock.

SJW Group Stock Performance

Shares of SJW traded down $0.33 during mid-day trading on Tuesday, hitting $50.95. The stock had a trading volume of 327,216 shares, compared to its average volume of 222,480. SJW Group has a fifty-two week low of $44.91 and a fifty-two week high of $62.18. 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 cap of $1.74 billion, a PE ratio of 18.46, a PEG ratio of 3.94 and a beta of 0.56. The company's fifty day simple moving average is $52.79 and its two-hundred day simple moving average is $53.24.

SJW Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Monday, February 10th. 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

SJW has been the topic of a number of recent analyst reports. Bank of America raised SJW Group from a "neutral" rating to a "buy" rating and cut their target price for the company from $59.00 to $55.00 in a research report on Monday, February 3rd. Wells Fargo & Company increased their price objective on shares of SJW Group from $53.00 to $57.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Finally, StockNews.com upgraded shares of SJW Group from a "sell" rating to a "hold" rating in a research note 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.