Edgestream Partners L.P. Invests $2.42 Million in SJW Group (NYSE:SJW)

Edgestream Partners L.P. purchased a new position in SJW Group (NYSE:SJW) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,840 shares of the utilities provider’s stock, valued at approximately $2,424,000. Edgestream Partners L.P. owned about 0.13% of SJW Group at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in SJW Group by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,387,456 shares of the utilities provider’s stock worth $143,510,000 after acquiring an additional 61,015 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in SJW Group by 26.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 107,343 shares of the utilities provider’s stock worth $7,015,000 after purchasing an additional 22,223 shares during the period. International Assets Investment Management LLC raised its position in SJW Group by 6,435.0% during the 4th quarter. International Assets Investment Management LLC now owns 18,494 shares of the utilities provider’s stock valued at $1,209,000 after purchasing an additional 18,211 shares in the last quarter. Clean Yield Group lifted its holdings in shares of SJW Group by 11.5% in the 4th quarter. Clean Yield Group now owns 88,360 shares of the utilities provider’s stock worth $5,774,000 after buying an additional 9,123 shares during the period. Finally, New York State Teachers Retirement System raised its holdings in shares of SJW Group by 1.7% in the fourth quarter. New York State Teachers Retirement System now owns 18,427 shares of the utilities provider’s stock valued at $1,204,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of SJW Group from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $66.00.

SJW Group Stock Down 0.5 %

NYSE SJW traded down $0.27 on Tuesday, hitting $59.17. The stock had a trading volume of 12,345 shares, compared to its average volume of 181,213. The business’s fifty day moving average price is $55.21 and its 200 day moving average price is $56.78. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 2.86 and a beta of 0.62. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.55 and a quick ratio of 0.55. SJW Group has a 52-week low of $51.17 and a 52-week high of $73.14.

SJW Group (NYSE:SJW) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. SJW Group had a return on equity of 6.98% and a net margin of 12.48%. The firm had revenue of $149.38 million during the quarter, compared to analysts’ expectations of $140.60 million. Equities research analysts anticipate that SJW Group will post 2.75 earnings per share for the current year.

SJW Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 6th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Friday, May 3rd. SJW Group’s dividend payout ratio is presently 60.15%.

Insider Buying and Selling at SJW Group

In other news, insider Craig J. Patla sold 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $55.62, for a total transaction of $77,868.00. Following the sale, the insider now owns 3,300 shares of the company’s stock, valued at approximately $183,546. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

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.