Intech Investment Management LLC Purchases New Holdings in SJW Group (NYSE:SJW)

Intech Investment Management LLC purchased a new stake in shares of SJW Group (NYSE:SJW) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,287 shares of the utilities provider’s stock, valued at approximately $307,000.

Other large investors also recently bought and sold shares of the company. CWM LLC increased its stake in SJW Group by 184.2% during the 2nd quarter. CWM LLC now owns 520 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 337 shares in the last quarter. Chris Bulman Inc bought a new stake in SJW Group during the 2nd quarter valued at about $30,000. nVerses Capital LLC bought a new stake in SJW Group during the 3rd quarter valued at about $46,000. Point72 Asia Singapore Pte. Ltd. increased its stake in SJW Group by 576.5% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 761 shares in the last quarter. Finally, US Bancorp DE increased its stake in SJW Group by 53.8% during the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 439 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. StockNews.com lowered shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Wells Fargo & Company reduced their price target on shares of SJW Group from $63.00 to $61.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Finally, Bank of America assumed coverage on shares of SJW Group in a research note on Friday, September 20th. They issued a “neutral” rating and a $65.00 price target for the company.

SJW Group Stock Down 2.6 %

Shares of SJW stock opened at $52.70 on Thursday. SJW Group has a 12 month low of $51.17 and a 12 month high of $70.43. The stock has a market cap of $1.72 billion, a P/E ratio of 19.61, a P/E/G ratio of 3.32 and a beta of 0.62. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. The company has a 50 day simple moving average of $56.55 and a two-hundred day simple moving average of $56.86.

SJW Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a yield of 3.04%. SJW Group’s dividend payout ratio is currently 57.97%.

About SJW Group

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.