SJW Group (NYSE:SJW) Holdings Boosted by First Trust Advisors LP

First Trust Advisors LP grew its holdings in SJW Group (NYSE:SJW – Get Rating) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,581 shares of the utilities provider’s stock after purchasing an additional 15,246 shares during the period. First Trust Advisors LP owned approximately 0.97% of SJW Group worth $17,025,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SJW. Nisa Investment Advisors LLC purchased a new stake in SJW Group in the 2nd quarter worth about $26,000. Point72 Hong Kong Ltd purchased a new stake in shares of SJW Group in the second quarter worth approximately $28,000. Private Trust Co. NA acquired a new stake in shares of SJW Group during the third quarter worth approximately $49,000. Meeder Asset Management Inc. purchased a new position in SJW Group during the second quarter valued at approximately $60,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in SJW Group in the 2nd quarter valued at approximately $81,000. Institutional investors and hedge funds own 72.08% of the company’s stock.

SJW Group Stock Performance

Shares of NYSE SJW opened at $74.99 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 31.12 and a beta of 0.57. The business’s 50-day simple moving average is $78.10 and its 200-day simple moving average is $72.19. SJW Group has a 52 week low of $55.74 and a 52 week high of $83.88.

SJW Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Monday, February 6th were issued a dividend of $0.38 per share. This is a positive change from SJW Group’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, February 3rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.03%. SJW Group’s dividend payout ratio is currently 63.07%.

Analysts Set New Price Targets

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

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.