Van Lanschot Kempen Investment Management N.V. Takes $2.43 Million Position in SJW Group (NYSE:SJW)

Van Lanschot Kempen Investment Management N.V. bought a new stake in shares of SJW Group (NYSE:SJW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 49,400 shares of the utilities provider's stock, valued at approximately $2,431,000. Van Lanschot Kempen Investment Management N.V. owned approximately 0.15% of SJW Group at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. MetLife Investment Management LLC lifted its holdings in SJW Group by 7.6% in the fourth quarter. MetLife Investment Management LLC now owns 19,932 shares of the utilities provider's stock worth $981,000 after purchasing an additional 1,401 shares during the period. First Trust Advisors LP boosted its holdings in shares of SJW Group by 197.0% in the fourth quarter. First Trust Advisors LP now owns 1,317,721 shares of the utilities provider's stock valued at $64,858,000 after acquiring an additional 873,973 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of SJW Group by 120.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 37,400 shares of the utilities provider's stock valued at $1,841,000 after acquiring an additional 20,400 shares during the period. Guggenheim Capital LLC raised its holdings in SJW Group by 7.3% during the fourth quarter. Guggenheim Capital LLC now owns 34,018 shares of the utilities provider's stock worth $1,674,000 after purchasing an additional 2,305 shares in the last quarter. Finally, Mariner LLC boosted its stake in SJW Group by 13.5% during the 4th quarter. Mariner LLC now owns 21,527 shares of the utilities provider's stock valued at $1,060,000 after purchasing an additional 2,559 shares in the last quarter. Institutional investors own 84.29% of the company's stock.

Analyst Ratings Changes

SJW has been the subject of several research reports. StockNews.com raised SJW Group from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Bank of America raised shares of SJW Group from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $59.00 to $55.00 in a research note on Monday, February 3rd. Finally, Wells Fargo & Company raised their target price 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 Trading Down 1.1 %

SJW stock traded down $0.60 during mid-day trading on Friday, reaching $53.77. 185,522 shares of the stock traded hands, compared to its average volume of 229,075. The stock's fifty day moving average is $53.37 and its 200-day moving average is $52.95. The company has a market cap of $1.84 billion, a P/E ratio of 19.48, a P/E/G ratio of 3.94 and a beta of 0.56. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. SJW Group has a 52-week low of $44.91 and a 52-week high of $62.18.

SJW Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.12%. This is a boost from SJW Group's previous quarterly dividend of $0.40. The ex-dividend date was Monday, February 10th. SJW Group's payout ratio is presently 58.95%.

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.