Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 923 Shares of SJW Group (NYSE:SJW)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in SJW Group (NYSE:SJW) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,284 shares of the utilities provider’s stock after acquiring an additional 923 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.19% of SJW Group worth $3,066,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Point72 DIFC Ltd lifted its position 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 in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of SJW Group by 47.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,079 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 673 shares during the period. Parkworth Wealth Management Inc. bought a new stake in shares of SJW Group in the fourth quarter valued at about $178,000. HighTower Advisors LLC boosted its position in shares of SJW Group by 5.6% during the fourth quarter. HighTower Advisors LLC now owns 4,430 shares of the utilities provider’s stock worth $218,000 after buying an additional 233 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of SJW Group during the third quarter worth about $307,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. StockNews.com upgraded SJW Group from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Bank of America upgraded shares of SJW Group from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $59.00 to $55.00 in a report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price target on shares of SJW Group from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th.

SJW Group Stock Up 0.1 %

SJW stock opened at $51.47 on Tuesday. SJW Group has a twelve month low of $44.91 and a twelve month high of $62.18. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 3.94 and a beta of 0.58. 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 business has a 50 day moving average price of $51.58 and a two-hundred day moving average price of $53.76.

SJW Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.26%. This is an increase from SJW Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, February 10th. SJW Group’s payout ratio is presently 58.95%.

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.