Schwab Charles Investment Management Inc. Acquires 4,509 Shares of SJW Group (SJW)

Schwab Charles Investment Management Inc. raised its holdings in shares of SJW Group (NYSE:SJW) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,117 shares of the utilities provider’s stock after buying an additional 4,509 shares during the period. Schwab Charles Investment Management Inc.’s holdings in SJW Group were worth $4,648,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Prudential Financial Inc. lifted its position in SJW Group by 16.2% during the third quarter. Prudential Financial Inc. now owns 123,878 shares of the utilities provider’s stock valued at $7,011,000 after buying an additional 17,287 shares in the last quarter. Macquarie Group Ltd. lifted its position in SJW Group by 411.4% during the third quarter. Macquarie Group Ltd. now owns 11,251 shares of the utilities provider’s stock valued at $637,000 after buying an additional 9,051 shares in the last quarter. Russell Investments Group Ltd. lifted its position in SJW Group by 58.3% during the third quarter. Russell Investments Group Ltd. now owns 45,685 shares of the utilities provider’s stock valued at $2,586,000 after buying an additional 16,828 shares in the last quarter. Schroder Investment Management Group lifted its position in SJW Group by 3.1% during the third quarter. Schroder Investment Management Group now owns 159,261 shares of the utilities provider’s stock valued at $9,146,000 after buying an additional 4,739 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in SJW Group by 7.2% during the second quarter. Renaissance Technologies LLC now owns 393,600 shares of the utilities provider’s stock valued at $19,357,000 after buying an additional 26,600 shares in the last quarter. 54.57% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised shares of SJW Group from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, October 31st.

Shares of SJW Group (SJW) opened at $58.35 on Thursday. The stock has a market cap of $1,200.00, a P/E ratio of 21.69 and a beta of 0.18. SJW Group has a 12 month low of $45.39 and a 12 month high of $69.29. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.93 and a current ratio of 0.93.

SJW Group (NYSE:SJW) last posted its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.15. The company had revenue of $124.58 million for the quarter, compared to analyst estimates of $107.00 million. SJW Group had a net margin of 14.83% and a return on equity of 11.81%. sell-side analysts forecast that SJW Group will post 2.48 EPS for the current fiscal year.

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SJW Group Profile

SJW Group, formerly SJW Corp., is a holding company. The Company’s subsidiaries include San Jose Water Company, SJWTX, Inc, SJW Land Company and Texas Water Alliance Limited (TWA). SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). It operates through the segments, which include Water Utility Services, Real Estate Services and All Other.

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Institutional Ownership by Quarter for SJW Group (NYSE:SJW)

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