SJW Group (NYSE:SJW) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC boosted its holdings in SJW Group (NYSE:SJW) by 76.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,807 shares of the utilities provider’s stock after acquiring an additional 4,264 shares during the period. AlphaQuest LLC’s holdings in SJW Group were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SJW. Point72 DIFC Ltd grew its stake in SJW Group by 81.4% in the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 316 shares during the last quarter. US Bancorp DE boosted its stake in shares of SJW Group by 53.8% during the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 439 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of SJW Group by 47.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,079 shares of the utilities provider’s stock worth $102,000 after purchasing an additional 673 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of SJW Group during the 3rd quarter worth about $140,000. Finally, Aigen Investment Management LP acquired a new stake in shares of SJW Group during the 3rd quarter worth about $225,000. 84.29% of the stock is owned by institutional investors and hedge funds.

SJW Group Price Performance

SJW opened at $52.83 on Thursday. The company’s 50 day simple moving average is $50.63 and its 200 day simple moving average is $54.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. SJW Group has a 1 year low of $44.91 and a 1 year high of $62.18. The stock has a market capitalization of $1.78 billion, a PE ratio of 19.14, a P/E/G ratio of 3.94 and a beta of 0.58.

SJW Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a $0.42 dividend. The ex-dividend date was Monday, February 10th. This is a boost from SJW Group’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 3.18%. SJW Group’s dividend payout ratio (DPR) is currently 58.95%.

Analyst Ratings Changes

Several equities research analysts have issued reports on SJW shares. 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 research note on Friday, February 28th. Bank of America raised shares of SJW Group from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $59.00 to $55.00 in a research note on Monday, February 3rd. Finally, StockNews.com raised shares of SJW Group from a “sell” rating to a “hold” rating in a research note on Friday, February 28th.

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.