SJW Group (NYSE:SJW) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP grew its stake in shares of SJW Group (NYSE:SJW) by 164.2% in the third quarter, Holdings Channel.com reports. The fund owned 12,923 shares of the utilities provider’s stock after buying an additional 8,032 shares during the quarter. GSA Capital Partners LLP’s holdings in SJW Group were worth $751,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SJW. SG Americas Securities LLC lifted its stake in SJW Group by 87.0% during the first quarter. SG Americas Securities LLC now owns 3,608 shares of the utilities provider’s stock valued at $204,000 after buying an additional 1,679 shares in the last quarter. Swiss National Bank grew its position in SJW Group by 0.7% during the 1st quarter. Swiss National Bank now owns 59,900 shares of the utilities provider’s stock worth $3,390,000 after purchasing an additional 400 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in SJW Group by 133.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,303 shares of the utilities provider’s stock worth $1,206,000 after purchasing an additional 12,182 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in SJW Group during the 1st quarter valued at $2,424,000. Finally, UniSuper Management Pty Ltd purchased a new stake in shares of SJW Group in the first quarter valued at $475,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

SJW Group Stock Performance

Shares of NYSE SJW opened at $54.80 on Monday. 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 one year low of $51.17 and a one year high of $70.43. The business’s 50-day moving average price is $57.54 and its two-hundred day moving average price is $57.05. The company has a market capitalization of $1.79 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 3.29 and a beta of 0.63.

SJW Group Announces Dividend

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

Analyst Ratings Changes

SJW has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price target on SJW Group from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Bank of America initiated coverage on shares of SJW Group in a research report on Friday, September 20th. They issued a “neutral” rating and a $65.00 price target for the company. Finally, StockNews.com cut 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.