Geode Capital Management LLC Purchases 22,890 Shares of SJW Group (NYSE:SJW)

Geode Capital Management LLC lifted its position in shares of SJW Group (NYSE:SJW) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 745,624 shares of the utilities provider’s stock after purchasing an additional 22,890 shares during the period. Geode Capital Management LLC owned 2.28% of SJW Group worth $36,708,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in SJW Group by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider’s stock worth $128,840,000 after buying an additional 72,081 shares during the last quarter. Nuance Investments LLC raised its holdings in shares of SJW Group by 4.3% in the 4th quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider’s stock worth $61,872,000 after purchasing an additional 52,029 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in SJW Group by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 390,911 shares of the utilities provider’s stock valued at $19,241,000 after purchasing an additional 20,944 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in SJW Group by 6.2% during the fourth quarter. Bank of New York Mellon Corp now owns 327,589 shares of the utilities provider’s stock valued at $16,124,000 after purchasing an additional 19,136 shares during the period. Finally, Schroder Investment Management Group increased its position in SJW Group by 3.8% in the fourth quarter. Schroder Investment Management Group now owns 291,580 shares of the utilities provider’s stock worth $14,448,000 after buying an additional 10,651 shares during the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

SJW Group Trading Down 0.2 %

Shares of NYSE:SJW opened at $55.24 on Wednesday. The stock’s 50-day simple moving average is $52.99 and its two-hundred day simple moving average is $53.07. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 3.94 and a beta of 0.56. SJW Group has a 52-week low of $44.91 and a 52-week high of $62.18. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77.

SJW Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.04%. This is an increase from SJW Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, February 10th. SJW Group’s dividend payout ratio (DPR) is presently 58.95%.

Wall Street Analysts Forecast Growth

SJW has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on shares of SJW Group from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. StockNews.com upgraded shares of SJW Group from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Finally, Bank of America raised shares of SJW Group from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $59.00 to $55.00 in a research note on Monday, February 3rd.

SJW Group Company 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.