Duff & Phelps Investment Management Co. Has $1.32 Million Stock Position in SJW Group (NYSE:SJW)

Duff & Phelps Investment Management Co. lessened its stake in shares of SJW Group (NYSE:SJW) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,723 shares of the utilities provider’s stock after selling 685 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in SJW Group were worth $1,315,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Point72 DIFC Ltd increased its holdings 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 purchasing an additional 316 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of SJW Group by 47.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,079 shares of the utilities provider’s stock valued at $102,000 after buying an additional 673 shares during the period. Parkworth Wealth Management Inc. bought a new position in SJW Group in the 4th quarter valued at approximately $178,000. HighTower Advisors LLC boosted its position in SJW Group by 5.6% during the 4th quarter. HighTower Advisors LLC now owns 4,430 shares of the utilities provider’s stock worth $218,000 after buying an additional 233 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in SJW Group during the 4th quarter worth approximately $300,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

SJW Group Stock Performance

NYSE:SJW opened at $53.60 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. SJW Group has a fifty-two week low of $44.91 and a fifty-two week high of $62.18. The company has a 50 day simple moving average of $51.99 and a two-hundred day simple moving average of $53.65. The company has a market capitalization of $1.80 billion, a PE ratio of 19.42, a P/E/G ratio of 3.94 and a beta of 0.58.

SJW Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Monday, February 10th. This is an increase from SJW Group’s previous quarterly dividend of $0.40. SJW Group’s dividend payout ratio (DPR) is currently 58.95%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SJW. Wells Fargo & Company raised their price target 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. StockNews.com upgraded SJW Group from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Finally, Bank of America raised SJW Group from a “neutral” rating to a “buy” rating and cut their target price for the stock from $59.00 to $55.00 in a report on Monday, February 3rd.

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.