Benjamin F. Edwards & Company Inc. Purchases Shares of 2,200 SJW Group (SJW)

Benjamin F. Edwards & Company Inc. purchased a new stake in SJW Group (NYSE:SJW) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,200 shares of the utilities provider’s stock, valued at approximately $122,000.

A number of other large investors also recently made changes to their positions in SJW. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of SJW Group by 55.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,237 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 443 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of SJW Group by 44.9% during the second quarter. Advisors Asset Management Inc. now owns 2,571 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 797 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of SJW Group by 6.8% during the second quarter. California Public Employees Retirement System now owns 14,009 shares of the utilities provider’s stock worth $928,000 after purchasing an additional 890 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of SJW Group by 16.9% during the third quarter. Russell Investments Group Ltd. now owns 9,683 shares of the utilities provider’s stock worth $592,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its holdings in shares of SJW Group by 36.9% during the fourth quarter. Xact Kapitalforvaltning AB now owns 5,565 shares of the utilities provider’s stock worth $310,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 41.59% of the company’s stock.

SJW has been the topic of several recent research reports. Zacks Investment Research upgraded SJW Group from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Tuesday, January 29th. ValuEngine cut SJW Group from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Wells Fargo & Co initiated coverage on SJW Group in a report on Monday, January 28th. They issued an “outperform” rating and a $70.00 price target on the stock. Finally, Evercore ISI upgraded SJW Group from an “in-line” rating to an “outperform” rating in a report on Wednesday, December 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. SJW Group has a consensus rating of “Buy” and an average price target of $64.50.



SJW Group stock opened at $59.97 on Tuesday. The stock has a market capitalization of $1.64 billion, a P/E ratio of 26.54, a PEG ratio of 4.46 and a beta of 0.08. SJW Group has a 12-month low of $51.26 and a 12-month high of $68.42. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.91.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Monday, February 11th will be issued a $0.30 dividend. This is a boost from SJW Group’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, February 8th. This represents a $1.20 annualized dividend and a yield of 2.00%. SJW Group’s dividend payout ratio (DPR) is currently 49.56%.

WARNING: This report was first posted by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://dakotafinancialnews.com/2019/02/12/benjamin-f-edwards-company-inc-purchases-shares-of-2200-sjw-group-sjw.html.

SJW Group Profile

SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.

Read More: 12b-1 Fees

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

Receive News & Ratings for SJW Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SJW Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply