Invesco Ltd. Purchases 5,900 Shares of SJW Group (NYSE:SJW)

Invesco Ltd. increased its stake in shares of SJW Group (NYSE:SJW - Free Report) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 571,505 shares of the utilities provider's stock after acquiring an additional 5,900 shares during the quarter. Invesco Ltd. owned about 1.75% of SJW Group worth $28,129,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of SJW Group during the 4th quarter worth about $10,255,000. JPMorgan Chase & Co. increased its stake in SJW Group by 131.4% during the fourth quarter. JPMorgan Chase & Co. now owns 153,687 shares of the utilities provider's stock valued at $7,564,000 after acquiring an additional 87,260 shares during the period. Vanguard Group Inc. raised its holdings in SJW Group by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider's stock valued at $128,840,000 after acquiring an additional 72,081 shares in the last quarter. Nuance Investments LLC lifted its position in shares of SJW Group by 4.3% in the 4th quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider's stock worth $61,872,000 after acquiring an additional 52,029 shares during the period. Finally, Barclays PLC lifted its position in shares of SJW Group by 376.0% in the 3rd quarter. Barclays PLC now owns 60,140 shares of the utilities provider's stock worth $3,495,000 after acquiring an additional 47,506 shares during the period. 84.29% of the stock is owned by institutional investors.

SJW Group Price Performance

Shares of SJW traded down $0.55 during mid-day trading on Wednesday, reaching $54.68. The company had a trading volume of 35,308 shares, compared to its average volume of 280,677. 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 company has a market capitalization of $1.87 billion, a P/E ratio of 19.81, a P/E/G ratio of 3.94 and a beta of 0.56. SJW Group has a twelve month low of $44.91 and a twelve month high of $62.18. The company's 50-day moving average is $53.28 and its 200-day moving average is $52.96.

SJW Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a dividend of $0.42 per share. 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.07%. SJW Group's dividend payout ratio (DPR) is presently 58.95%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SJW shares. StockNews.com upgraded SJW Group from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Bank of America upgraded shares of SJW Group from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $59.00 to $55.00 in a research note on Monday, February 3rd. Finally, Wells Fargo & Company raised their price objective 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.

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.