Aigen Investment Management LP Buys New Position in SJW Group (NYSE:SJW)

Aigen Investment Management LP purchased a new position in shares of SJW Group (NYSE:SJW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,872 shares of the utilities provider’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP boosted its position in SJW Group by 164.2% during the third quarter. GSA Capital Partners LLP now owns 12,923 shares of the utilities provider’s stock worth $751,000 after acquiring an additional 8,032 shares during the last quarter. Atria Investments Inc grew its position in shares of SJW Group by 16.8% in the third quarter. Atria Investments Inc now owns 5,904 shares of the utilities provider’s stock valued at $343,000 after purchasing an additional 850 shares during the period. Van ECK Associates Corp grew its position in shares of SJW Group by 9.1% in the third quarter. Van ECK Associates Corp now owns 9,043 shares of the utilities provider’s stock valued at $530,000 after purchasing an additional 755 shares during the period. US Bancorp DE increased its stake in SJW Group by 53.8% in the third quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 439 shares during the last quarter. Finally, First Trust Direct Indexing L.P. purchased a new position in SJW Group during the third quarter worth about $215,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

SJW Group Stock Performance

NYSE SJW opened at $54.80 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77. SJW Group has a 1-year low of $51.17 and a 1-year high of $70.43. The firm has a market capitalization of $1.79 billion, a P/E ratio of 19.86, a P/E/G ratio of 3.27 and a beta of 0.63. The business’s 50-day simple moving average is $57.54 and its 200-day simple moving average is $57.04.

SJW Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, November 4th. This represents a $1.60 annualized dividend and a yield of 2.92%. SJW Group’s dividend payout ratio is currently 57.97%.

Analyst Ratings Changes

SJW has been the subject of a number of research analyst reports. Bank of America assumed coverage on shares of SJW Group in a research note on Friday, September 20th. They set a “neutral” rating and a $65.00 price objective for the company. Wells Fargo & Company dropped their price target on shares of SJW Group from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Finally, StockNews.com lowered shares of SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

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.