First Trust Advisors LP boosted its holdings in shares of SJW Group (NYSE:SJW) by 19.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 167,304 shares of the utilities provider’s stock after buying an additional 27,407 shares during the period. First Trust Advisors LP’s holdings in SJW Group were worth $11,889,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. State Street Corp increased its position in SJW Group by 5.1% during the third quarter. State Street Corp now owns 553,069 shares of the utilities provider’s stock worth $37,769,000 after buying an additional 26,956 shares during the last quarter. FMR LLC increased its position in SJW Group by 24.5% during the first quarter. FMR LLC now owns 548,854 shares of the utilities provider’s stock worth $33,886,000 after buying an additional 108,003 shares during the last quarter. Maple Brown Abbott Ltd increased its position in SJW Group by 8.3% during the third quarter. Maple Brown Abbott Ltd now owns 511,130 shares of the utilities provider’s stock worth $34,905,000 after buying an additional 39,180 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in SJW Group during the first quarter worth $16,536,000. Finally, California Public Employees Retirement System grew its position in shares of SJW Group by 30.7% in the fourth quarter. California Public Employees Retirement System now owns 74,331 shares of the utilities provider’s stock valued at $5,282,000 after purchasing an additional 17,469 shares during the last quarter. 67.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:SJW opened at $73.55 on Friday. The company has a market cap of $2.07 billion, a P/E ratio of 52.91, a P/E/G ratio of 7.84 and a beta of 0.01. The stock’s 50-day moving average is $72.01 and its 200-day moving average is $69.67. SJW Group has a 52-week low of $59.10 and a 52-week high of $74.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.52 and a current ratio of 3.52.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 10th will be given a $0.32 dividend. This is an increase from SJW Group’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, February 7th. SJW Group’s dividend payout ratio (DPR) is currently 51.00%.
In other news, CFO James Patrick Lynch sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $69.88, for a total value of $69,880.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 2,800 shares of company stock worth $199,440. 8.20% of the stock is currently owned by company insiders.
SJW has been the topic of several research analyst reports. ValuEngine downgraded SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. initiated coverage on SJW Group in a research report on Friday, November 15th. They issued a “neutral” rating and a $73.00 price target on the stock. Finally, Zacks Investment Research downgraded SJW Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. SJW Group currently has a consensus rating of “Hold” and an average price target of $74.83.
SJW Group Company Profile
SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.
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