4,422 Shares in SJW Group (NYSE:SJW) Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd acquired a new position in SJW Group (NYSE:SJW) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,422 shares of the utilities provider’s stock, valued at approximately $250,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in shares of SJW Group by 957.8% during the 3rd quarter. SG Americas Securities LLC now owns 31,354 shares of the utilities provider’s stock valued at $1,885,000 after purchasing an additional 28,390 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of SJW Group by 7.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 25,344 shares of the utilities provider’s stock valued at $1,523,000 after acquiring an additional 1,733 shares in the last quarter. Raymond James & Associates boosted its position in shares of SJW Group by 22.7% during the 3rd quarter. Raymond James & Associates now owns 100,779 shares of the utilities provider’s stock valued at $6,058,000 after acquiring an additional 18,619 shares in the last quarter. PATRIZIA Pty Ltd lifted its holdings in SJW Group by 12.2% during the 3rd quarter. PATRIZIA Pty Ltd now owns 115,717 shares of the utilities provider’s stock valued at $6,956,000 after purchasing an additional 12,587 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in SJW Group by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 318,255 shares of the utilities provider’s stock valued at $19,130,000 after purchasing an additional 3,264 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SJW. Seaport Res Ptn raised shares of SJW Group from a “neutral” rating to a “buy” rating in a research note on Monday, February 26th. StockNews.com upgraded SJW Group from a “sell” rating to a “hold” rating in a report on Friday. Finally, Wells Fargo & Company lifted their target price on SJW Group from $61.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SJW Group currently has an average rating of “Hold” and a consensus price target of $66.00.

SJW Group Stock Down 2.4 %

Shares of NYSE:SJW traded down $1.31 during midday trading on Friday, reaching $53.50. The company had a trading volume of 337,252 shares, compared to its average volume of 165,503. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.24. The business’s 50 day moving average price is $55.82 and its 200 day moving average price is $60.54. The stock has a market cap of $1.72 billion, a PE ratio of 20.11, a P/E/G ratio of 2.59 and a beta of 0.58. SJW Group has a 1-year low of $51.37 and a 1-year high of $78.42.

SJW Group (NYSE:SJW) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The business had revenue of $171.34 million for the quarter, compared to analyst estimates of $161.23 million. SJW Group had a return on equity of 7.03% and a net margin of 12.48%. During the same period last year, the firm earned $1.09 EPS. Research analysts forecast that SJW Group will post 2.75 EPS for the current fiscal year.

SJW Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 6th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Friday, May 3rd. SJW Group’s dividend payout ratio (DPR) is presently 60.15%.

SJW Group 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.