Creative Planning Buys 1,028 Shares of SJW Group (NYSE:SJW)

Creative Planning boosted its position in shares of SJW Group (NYSE:SJW) by 8.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 12,901 shares of the utilities provider’s stock after acquiring an additional 1,028 shares during the quarter. Creative Planning’s holdings in SJW Group were worth $750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its position in SJW Group by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 8,526 shares of the utilities provider’s stock worth $462,000 after acquiring an additional 189 shares during the period. Chatham Capital Group Inc. raised its stake in shares of SJW Group by 1.2% during the 2nd quarter. Chatham Capital Group Inc. now owns 26,552 shares of the utilities provider’s stock valued at $1,440,000 after buying an additional 320 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of SJW Group by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 25,432 shares of the utilities provider’s stock worth $1,439,000 after buying an additional 329 shares during the last quarter. CWM LLC boosted its stake in shares of SJW Group by 184.2% in the second quarter. CWM LLC now owns 520 shares of the utilities provider’s stock worth $28,000 after buying an additional 337 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of SJW Group by 0.7% in the first quarter. Swiss National Bank now owns 59,900 shares of the utilities provider’s stock worth $3,390,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Bank of America assumed coverage on SJW Group in a research note on Friday, September 20th. They issued a “neutral” rating and a $65.00 target price on the stock. Wells Fargo & Company reduced their price target on SJW Group from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Finally, StockNews.com cut SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

SJW Group Stock Performance

NYSE SJW opened at $54.89 on Monday. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 3.37 and a beta of 0.63. SJW Group has a twelve month low of $51.17 and a twelve month high of $70.43. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 1.25. The stock has a 50-day moving average of $58.25 and a 200 day moving average of $56.96.

SJW Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.91%. SJW Group’s payout ratio is currently 57.97%.

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.