22,528 Shares in SJW Group (NYSE:SJW) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in shares of SJW Group (NYSE:SJW) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,528 shares of the utilities provider’s stock, valued at approximately $1,221,000. Susquehanna Fundamental Investments LLC owned 0.07% of SJW Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System lifted its holdings in shares of SJW Group by 133.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 21,303 shares of the utilities provider’s stock worth $1,206,000 after purchasing an additional 12,182 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of SJW Group by 26.7% during the second quarter. Assenagon Asset Management S.A. now owns 164,099 shares of the utilities provider’s stock worth $8,897,000 after purchasing an additional 34,607 shares during the period. ProShare Advisors LLC lifted its holdings in shares of SJW Group by 16.2% during the first quarter. ProShare Advisors LLC now owns 142,844 shares of the utilities provider’s stock worth $8,084,000 after purchasing an additional 19,925 shares during the period. Vanguard Group Inc. lifted its holdings in shares of SJW Group by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 2,465,745 shares of the utilities provider’s stock worth $161,136,000 after purchasing an additional 78,289 shares during the period. Finally, Confluence Investment Management LLC acquired a new stake in shares of SJW Group during the first quarter worth about $3,202,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on SJW Group from $62.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Bank of America assumed coverage on SJW Group in a report on Friday, September 20th. They issued a “neutral” rating and a $65.00 price target for the company. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, SJW Group currently has an average rating of “Hold” and an average target price of $62.67.

SJW Group Trading Up 0.7 %

Shares of NYSE:SJW opened at $58.53 on Wednesday. SJW Group has a 12-month low of $51.17 and a 12-month high of $70.43. The company has a market capitalization of $1.91 billion, a PE ratio of 22.00, a PEG ratio of 3.48 and a beta of 0.63. The business has a 50 day moving average of $59.07 and a two-hundred day moving average of $56.56. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.22.

SJW Group (NYSE:SJW) last announced its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. The company had revenue of $176.17 million during the quarter, compared to the consensus estimate of $165.10 million. SJW Group had a return on equity of 7.10% and a net margin of 12.48%. As a group, analysts forecast that SJW Group will post 2.75 EPS for the current year.

SJW Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Monday, August 5th. SJW Group’s dividend payout ratio (DPR) is presently 60.15%.

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.