10,220 Shares in SJW Group (NYSE:SJW) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in SJW Group (NYSE:SJW - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,220 shares of the utilities provider's stock, valued at approximately $594,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cetera Advisors LLC acquired a new position in SJW Group in the 1st quarter valued at about $247,000. CWM LLC grew its position in SJW Group by 184.2% in the second quarter. CWM LLC now owns 520 shares of the utilities provider's stock worth $28,000 after acquiring an additional 337 shares during the period. Assenagon Asset Management S.A. increased its stake in SJW Group by 26.7% during the second quarter. Assenagon Asset Management S.A. now owns 164,099 shares of the utilities provider's stock worth $8,897,000 after acquiring an additional 34,607 shares during the last quarter. Raymond James & Associates increased its stake in SJW Group by 8.8% during the second quarter. Raymond James & Associates now owns 113,852 shares of the utilities provider's stock worth $6,173,000 after acquiring an additional 9,165 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in SJW Group by 2.8% in the second quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the utilities provider's stock valued at $802,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 84.29% of the company's stock.

SJW Group Stock Up 1.5 %

Shares of SJW traded up $0.78 during midday trading on Friday, reaching $54.33. The stock had a trading volume of 162,107 shares, compared to its average volume of 202,607. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 3.26 and a beta of 0.62. The company's fifty day simple moving average is $55.86 and its two-hundred day simple moving average is $56.69. SJW Group has a 1-year low of $51.17 and a 1-year high of $70.43. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were paid a $0.40 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.60 annualized dividend and a yield of 2.94%. SJW Group's dividend payout ratio is currently 57.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Bank of America assumed coverage on SJW Group in a report on Friday, September 20th. They set a "neutral" rating and a $65.00 price target for the company. StockNews.com lowered shares of SJW Group from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company decreased their price target on shares of SJW Group from $63.00 to $61.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th.

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.