Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 923 Shares of SJW Group (NYSE:SJW)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of SJW Group (NYSE:SJW) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,284 shares of the utilities provider’s stock after acquiring an additional 923 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in SJW Group were worth $3,066,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SJW. Point72 DIFC Ltd raised its holdings in SJW Group by 81.4% in the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 316 shares during the period. PNC Financial Services Group Inc. grew its position in shares of SJW Group by 47.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,079 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 673 shares during the last quarter. Parkworth Wealth Management Inc. bought a new position in shares of SJW Group during the fourth quarter worth approximately $178,000. HighTower Advisors LLC lifted its holdings in SJW Group by 5.6% during the 4th quarter. HighTower Advisors LLC now owns 4,430 shares of the utilities provider’s stock worth $218,000 after purchasing an additional 233 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in SJW Group in the 3rd quarter valued at $307,000. 84.29% of the stock is owned by institutional investors and hedge funds.

SJW Group Price Performance

Shares of NYSE SJW opened at $51.47 on Tuesday. The business has a fifty day moving average price of $51.58 and a two-hundred day moving average price of $53.76. The stock has a market capitalization of $1.73 billion, a PE ratio of 18.65, a P/E/G ratio of 3.94 and a beta of 0.58. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77. SJW Group has a fifty-two week low of $44.91 and a fifty-two week high of $62.18.

SJW Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a dividend of $0.42 per share. This is an increase from SJW Group’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Monday, February 10th. SJW Group’s payout ratio is currently 58.95%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SJW shares. Bank of America upgraded SJW Group from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $59.00 to $55.00 in a research report on Monday, February 3rd. Wells Fargo & Company raised their price target on shares of 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, StockNews.com raised shares of SJW Group from a “sell” rating to a “hold” rating in a report on Friday, February 28th.

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.