SJW Group (NYSE:SJW) Stock Position Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in shares of SJW Group (NYSE:SJWFree Report) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,637 shares of the utilities provider’s stock after purchasing an additional 1,096 shares during the quarter. The Manufacturers Life Insurance Company owned 0.05% of SJW Group worth $956,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SJW. State Board of Administration of Florida Retirement System raised its position in 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 valued at $1,206,000 after acquiring an additional 12,182 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in 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 buying an additional 34,607 shares during the last quarter. ProShare Advisors LLC boosted its stake in SJW Group by 16.2% in 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 in the last quarter. Vanguard Group Inc. raised its stake in shares of SJW Group by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 2,465,745 shares of the utilities provider’s stock worth $161,136,000 after acquiring an additional 78,289 shares during the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in shares of SJW Group in the 1st quarter valued at $3,202,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on SJW shares. Bank of America began coverage on shares of SJW Group in a research report on Friday, September 20th. They set a “neutral” rating and a $65.00 target price for the company. Wells Fargo & Company boosted their target price on SJW Group from $62.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th.

View Our Latest Stock Analysis on SJW Group

SJW Group Trading Up 1.9 %

Shares of NYSE:SJW opened at $57.45 on Monday. The company has a 50-day simple moving average of $58.51 and a 200 day simple moving average of $56.63. The company has a market capitalization of $1.88 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 3.42 and a beta of 0.62. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.49 and a current ratio of 0.49. SJW Group has a 52-week low of $51.17 and a 52-week high of $70.43.

SJW Group (NYSE:SJWGet Free Report) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. SJW Group had a net margin of 12.48% and a return on equity of 7.10%. The firm had revenue of $176.17 million for the quarter, compared to analysts’ expectations of $165.10 million. Sell-side analysts forecast that SJW Group will post 2.75 earnings per share for the current year.

SJW Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 5th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, August 5th. SJW Group’s dividend payout ratio is currently 58.82%.

SJW Group Profile

(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.

See Also

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

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