Nuance Investments LLC Has $61.87 Million Stake in SJW Group (NYSE:SJW)

Nuance Investments LLC grew its holdings in SJW Group (NYSE:SJW) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,256,548 shares of the utilities provider’s stock after purchasing an additional 52,029 shares during the quarter. SJW Group comprises 2.5% of Nuance Investments LLC’s portfolio, making the stock its 14th biggest holding. Nuance Investments LLC owned approximately 3.84% of SJW Group worth $61,872,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SJW. Point72 DIFC Ltd increased its position in SJW Group by 81.4% in the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock worth $41,000 after buying an additional 316 shares during the period. PNC Financial Services Group Inc. increased its position in shares of SJW Group by 47.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,079 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 673 shares during the period. Parkworth Wealth Management Inc. acquired a new position in shares of SJW Group in the fourth quarter valued at $178,000. HighTower Advisors LLC lifted its position in SJW Group by 5.6% in the fourth quarter. HighTower Advisors LLC now owns 4,430 shares of the utilities provider’s stock worth $218,000 after purchasing an additional 233 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in SJW Group during the fourth quarter worth $300,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company upped their target price 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. Bank of America upgraded SJW Group from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $59.00 to $55.00 in a research note on Monday, February 3rd. Finally, StockNews.com upgraded SJW Group from a “sell” rating to a “hold” rating in a research report on Friday, February 28th.

SJW Group Trading Down 0.6 %

Shares of SJW stock opened at $51.18 on Wednesday. The company has a market capitalization of $1.72 billion, a P/E ratio of 18.54, a P/E/G ratio of 3.94 and a beta of 0.58. The firm has a 50-day moving average price of $51.68 and a 200 day moving average price of $53.71. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. SJW Group has a 12-month low of $44.91 and a 12-month high of $62.18.

SJW Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.28%. This is a boost from SJW Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, February 10th. SJW Group’s payout ratio is currently 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.