SJW Group (NYSE:SJW) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of SJW Group (NYSE:SJW) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 390,911 shares of the utilities provider’s stock after buying an additional 20,944 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in SJW Group were worth $19,241,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SJW. Point72 DIFC Ltd raised its stake in shares of SJW Group by 81.4% during the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock worth $41,000 after buying an additional 316 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of SJW Group during the 3rd quarter worth approximately $140,000. Intech Investment Management LLC acquired a new position in shares of SJW Group during the 3rd quarter worth approximately $307,000. Ballentine Partners LLC raised its stake in shares of SJW Group by 26.4% during the 4th quarter. Ballentine Partners LLC now owns 6,943 shares of the utilities provider’s stock worth $342,000 after buying an additional 1,452 shares during the period. Finally, Atria Investments Inc raised its stake in shares of SJW Group by 16.8% during the 3rd quarter. Atria Investments Inc now owns 5,904 shares of the utilities provider’s stock worth $343,000 after buying an additional 850 shares during the period. 84.29% of the stock is owned by institutional investors and hedge funds.

SJW Group Stock Down 1.8 %

Shares of SJW opened at $52.48 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. SJW Group has a one year low of $44.91 and a one year high of $62.18. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 3.94 and a beta of 0.58. The stock has a 50 day moving average price of $51.23 and a 200 day moving average price of $53.96.

SJW Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.20%. This is a boost 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%.

Analyst Upgrades and Downgrades

SJW has been the subject of several research analyst reports. StockNews.com raised SJW Group from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Wells Fargo & Company boosted their price target on SJW Group from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Finally, Bank of America upgraded SJW Group from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $59.00 to $55.00 in a research report on Monday, February 3rd.

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.