Canada Pension Plan Investment Board Buys 20,400 Shares of SJW Group (NYSE:SJW)

Canada Pension Plan Investment Board boosted its stake in shares of SJW Group (NYSE:SJW) by 120.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,400 shares of the utilities provider’s stock after purchasing an additional 20,400 shares during the period. Canada Pension Plan Investment Board’s holdings in SJW Group were worth $1,841,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of SJW Group by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider’s stock valued at $128,840,000 after buying an additional 72,081 shares during the period. Nuance Investments LLC lifted its holdings in SJW Group by 4.3% in the fourth quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider’s stock valued at $61,872,000 after acquiring an additional 52,029 shares during the period. Geode Capital Management LLC boosted its position in SJW Group by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 745,624 shares of the utilities provider’s stock worth $36,708,000 after purchasing an additional 22,890 shares during the last quarter. Invesco Ltd. grew its stake in shares of SJW Group by 1.0% during the 4th quarter. Invesco Ltd. now owns 571,505 shares of the utilities provider’s stock valued at $28,129,000 after purchasing an additional 5,900 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of SJW Group by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 390,911 shares of the utilities provider’s stock valued at $19,241,000 after purchasing an additional 20,944 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

SJW Group Trading Down 0.9 %

Shares of NYSE:SJW opened at $54.75 on Thursday. The stock has a 50 day moving average of $53.33 and a 200 day moving average of $52.97. The company has a market cap of $1.87 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 3.94 and a beta of 0.56. SJW Group has a 12-month low of $44.91 and a 12-month high of $62.18. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25.

SJW Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a $0.42 dividend. The ex-dividend date of this dividend was Monday, February 10th. 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 dividend yield of 3.07%. SJW Group’s dividend payout ratio is 58.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SJW shares. StockNews.com raised shares of SJW Group from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Bank of America upgraded shares of SJW Group from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $59.00 to $55.00 in a research note on Monday, February 3rd. Finally, Wells Fargo & Company upped their price objective on SJW Group from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th.

SJW Group 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.