Credit Suisse AG Has $2.18 Million Stock Holdings in SJW Group (NYSE:SJW)

Credit Suisse AG lifted its holdings in SJW Group (NYSE:SJW – Get Rating) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,767 shares of the utilities provider’s stock after buying an additional 2,693 shares during the period. Credit Suisse AG owned about 0.12% of SJW Group worth $2,176,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Truist Financial Corp raised its holdings in shares of SJW Group by 2.5% during the third quarter. Truist Financial Corp now owns 8,230 shares of the utilities provider’s stock worth $474,000 after acquiring an additional 200 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of SJW Group by 3.8% during the third quarter. Van ECK Associates Corp now owns 5,695 shares of the utilities provider’s stock worth $328,000 after acquiring an additional 207 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of SJW Group by 5.2% during the third quarter. Creative Financial Designs Inc. ADV now owns 5,122 shares of the utilities provider’s stock worth $295,000 after acquiring an additional 251 shares in the last quarter. Clear Harbor Asset Management LLC raised its holdings in shares of SJW Group by 0.9% during the third quarter. Clear Harbor Asset Management LLC now owns 30,157 shares of the utilities provider’s stock worth $1,737,000 after acquiring an additional 275 shares in the last quarter. Finally, Creative Planning raised its holdings in shares of SJW Group by 3.7% during the third quarter. Creative Planning now owns 9,424 shares of the utilities provider’s stock worth $543,000 after acquiring an additional 339 shares in the last quarter. Institutional investors and hedge funds own 72.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SJW shares. UBS Group started coverage on SJW Group in a report on Wednesday, November 30th. They set a “buy” rating and a $85.00 price objective for the company. Wells Fargo & Company raised their target price on SJW Group from $72.00 to $78.00 in a report on Wednesday, December 14th. JPMorgan Chase & Co. lowered SJW Group from an “overweight” rating to a “neutral” rating and cut their target price for the company from $86.00 to $84.00 in a report on Tuesday, February 7th. Royal Bank of Canada lowered SJW Group from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $76.00 to $85.00 in a report on Tuesday, January 17th. Finally, Seaport Res Ptn lowered SJW Group from a “buy” rating to a “neutral” rating in a research note on Thursday, January 5th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.40.

SJW Group Trading Up 1.7 %

SJW Group stock opened at $75.78 on Monday. SJW Group has a 52 week low of $55.74 and a 52 week high of $83.88. The firm has a market capitalization of $2.34 billion, a PE ratio of 31.44 and a beta of 0.57. The business’s 50-day simple moving average is $78.64 and its 200-day simple moving average is $72.02. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.50 and a current ratio of 0.58.

SJW Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Monday, February 6th were given a dividend of $0.38 per share. The ex-dividend date was Friday, February 3rd. This is an increase from SJW Group’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 2.01%. SJW Group’s dividend payout ratio (DPR) is 63.07%.

SJW Group Company Profile

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SJW Group operates as a holding company, which through its subsidiaries provides water utility services. It operates through the Water Utility Services and Real Estate Services segments. The Water Utility Services segment offers water utility and utility-related services. The Real Estate Services segment engages in property management and investment activity.