Arete Wealth Advisors LLC Makes New $281,000 Investment in SJW Group (NYSE:SJW)

Arete Wealth Advisors LLC purchased a new stake in shares of SJW Group (NYSE:SJW) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 5,722 shares of the utilities provider’s stock, valued at approximately $281,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 DIFC Ltd lifted 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 valued at $41,000 after acquiring an additional 316 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 in the last quarter. Parkworth Wealth Management Inc. purchased a new stake in shares of SJW Group during the fourth quarter valued at $178,000. HighTower Advisors LLC increased its holdings in SJW Group by 5.6% in 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 in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in SJW Group in the 4th quarter worth about $300,000. Institutional investors own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

SJW has been the topic of a number of recent analyst reports. Bank of America raised shares of SJW Group from a “neutral” rating to a “buy” rating and dropped their price target for the company from $59.00 to $55.00 in a report on Monday, February 3rd. 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. Finally, StockNews.com upgraded shares of SJW Group from a “sell” rating to a “hold” rating in a research note on Friday, February 28th.

SJW Group Trading Down 2.3 %

SJW Group stock opened at $53.50 on Monday. The business has a 50-day simple moving average of $52.71 and a two-hundred day simple moving average of $53.37. SJW Group has a 52-week low of $44.91 and a 52-week high of $62.18. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. The company has a market cap of $1.83 billion, a P/E ratio of 19.38, a P/E/G ratio of 3.94 and a beta of 0.56.

SJW Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a dividend of $0.42 per share. This is a boost from SJW Group’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Monday, February 10th. SJW Group’s dividend 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.