Zimmer Partners LP Purchases New Position in SJW Group (NYSE:SJW)

Zimmer Partners LP bought a new position in shares of SJW Group (NYSE:SJW - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,000 shares of the utilities provider's stock, valued at approximately $1,453,000. Zimmer Partners LP owned approximately 0.08% of SJW Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in SJW. Assenagon Asset Management S.A. grew its holdings in shares of SJW Group by 26.7% in the 2nd 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. Nuance Investments LLC increased its stake in SJW Group by 17.5% in the 2nd quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider's stock worth $84,877,000 after purchasing an additional 233,601 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in SJW Group by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider's stock worth $21,499,000 after purchasing an additional 20,646 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in SJW Group during the 3rd quarter worth about $620,000. Finally, Quest Partners LLC purchased a new stake in SJW Group during the second quarter valued at about $635,000. Institutional investors and hedge funds own 84.29% of the company's stock.

SJW Group Stock Down 0.2 %

Shares of NYSE SJW traded down $0.11 during mid-day trading on Friday, reaching $52.99. The company had a trading volume of 105,879 shares, compared to its average volume of 191,497. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 3.17 and a beta of 0.62. The stock has a fifty day moving average of $56.29 and a two-hundred day moving average of $56.74. SJW Group has a 12-month low of $51.17 and a 12-month high of $70.43.

SJW Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a $0.40 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a yield of 3.02%. SJW Group's payout ratio is 57.97%.

Wall Street Analysts Forecast Growth

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

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.