SJW Group (NYSE:SJW) Shares Purchased by Versor Investments LP

Versor Investments LP raised its holdings in SJW Group (NYSE:SJW) by 42.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,989 shares of the utilities provider’s stock after acquiring an additional 2,957 shares during the period. Versor Investments LP’s holdings in SJW Group were worth $492,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Proficio Capital Partners LLC acquired a new position in shares of SJW Group during the 4th quarter worth approximately $574,000. Illinois Municipal Retirement Fund lifted its position in SJW Group by 7.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 16,555 shares of the utilities provider’s stock worth $815,000 after buying an additional 1,175 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in SJW Group by 6.2% during the fourth quarter. Bank of New York Mellon Corp now owns 327,589 shares of the utilities provider’s stock worth $16,124,000 after buying an additional 19,136 shares during the last quarter. Ieq Capital LLC purchased a new stake in SJW Group in the 4th quarter valued at $420,000. Finally, Principal Financial Group Inc. increased its stake in shares of SJW Group by 4.5% in the 4th quarter. Principal Financial Group Inc. now owns 146,914 shares of the utilities provider’s stock worth $7,231,000 after acquiring an additional 6,362 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Bank of America raised shares of SJW Group from a “neutral” rating to a “buy” rating and lowered their price target for the company from $59.00 to $55.00 in a research report on Monday, February 3rd. StockNews.com upgraded shares of SJW Group from a “sell” rating to a “hold” rating in a report on Friday. Finally, Wells Fargo & Company raised their price target on shares of SJW Group from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Friday.

SJW Group Stock Performance

Shares of SJW Group stock opened at $52.67 on Friday. The business’s fifty day simple moving average is $49.81 and its 200-day simple moving average is $54.37. 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 firm has a market cap of $1.72 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 3.94 and a beta of 0.65. SJW Group has a 52 week low of $44.91 and a 52 week high of $62.18.

SJW Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Monday, February 10th. This is a positive change from SJW Group’s previous quarterly dividend of $0.40. SJW Group’s dividend payout ratio (DPR) is 60.87%.

About SJW Group

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.