Dimensional Fund Advisors LP Grows Holdings in SJW Group (NYSE:SJW)

Dimensional Fund Advisors LP grew its stake in SJW Group (NYSE:SJWFree Report) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 724,742 shares of the utilities provider’s stock after buying an additional 27,301 shares during the period. Dimensional Fund Advisors LP owned approximately 2.27% of SJW Group worth $47,363,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in SJW Group by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,387,456 shares of the utilities provider’s stock worth $143,510,000 after buying an additional 61,015 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in SJW Group by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 311,031 shares of the utilities provider’s stock worth $20,326,000 after buying an additional 14,853 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in SJW Group by 1,196.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 48,097 shares of the utilities provider’s stock worth $2,891,000 after buying an additional 44,386 shares in the last quarter. UBS Group AG grew its stake in SJW Group by 20.4% in the 3rd quarter. UBS Group AG now owns 75,944 shares of the utilities provider’s stock worth $4,565,000 after buying an additional 12,889 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in SJW Group by 3.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 26,160 shares of the utilities provider’s stock worth $1,710,000 after buying an additional 816 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

SJW Group Trading Down 2.1 %

NYSE:SJW opened at $53.12 on Thursday. The company has a fifty day moving average of $55.60 and a 200 day moving average of $59.90. SJW Group has a 52 week low of $51.37 and a 52 week high of $77.13. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $1.71 billion, a P/E ratio of 19.97, a P/E/G ratio of 2.68 and a beta of 0.58.

SJW Group (NYSE:SJWGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. SJW Group had a net margin of 12.48% and a return on equity of 6.98%. The company had revenue of $149.38 million during the quarter, compared to analyst estimates of $140.60 million. On average, research analysts predict that SJW Group will post 2.75 earnings per share for the current year.

SJW Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 6th will be issued a $0.40 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.60 annualized dividend and a yield of 3.01%. SJW Group’s dividend payout ratio (DPR) is presently 60.15%.

Insiders Place Their Bets

In other SJW Group news, insider Craig J. Patla sold 1,400 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $55.62, for a total value of $77,868.00. Following the completion of the transaction, the insider now directly owns 3,300 shares in the company, valued at approximately $183,546. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SJW shares. Wells Fargo & Company boosted their price target on shares of SJW Group from $61.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. StockNews.com upgraded shares of SJW Group from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Finally, Seaport Res Ptn upgraded shares of SJW Group from a “neutral” rating to a “buy” rating in a report on Monday, February 26th. Four equities research 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, SJW Group has a consensus rating of “Hold” and an average price target of $66.00.

View Our Latest Research Report on SJW Group

About SJW Group

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for SJW Group (NYSE:SJW)

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