SG Americas Securities LLC Purchases 18,733 Shares of SJW Group (NYSE:SJW)

SG Americas Securities LLC boosted its position in SJW Group (NYSE:SJW) by 453.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,862 shares of the utilities provider’s stock after acquiring an additional 18,733 shares during the period. SG Americas Securities LLC owned 0.08% of SJW Group worth $1,561,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Advisory Services Network LLC grew its holdings in SJW Group by 50.6% in the 2nd quarter. Advisory Services Network LLC now owns 732 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 246 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of SJW Group by 18.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,810 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 285 shares in the last quarter. Comerica Bank boosted its stake in shares of SJW Group by 1.8% during the 2nd quarter. Comerica Bank now owns 16,655 shares of the utilities provider’s stock valued at $1,071,000 after purchasing an additional 295 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of SJW Group by 0.7% during the 2nd quarter. AQR Capital Management LLC now owns 59,019 shares of the utilities provider’s stock valued at $3,587,000 after purchasing an additional 389 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of SJW Group by 1.9% during the 2nd quarter. Royal Bank of Canada now owns 20,840 shares of the utilities provider’s stock valued at $1,265,000 after purchasing an additional 393 shares in the last quarter. 68.28% of the stock is currently owned by institutional investors and hedge funds.

In other SJW Group news, Director Valer Robert A. Van acquired 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of $67.21 per share, with a total value of $504,075.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.20% of the company’s stock.

NYSE:SJW opened at $67.58 on Friday. SJW Group has a one year low of $51.82 and a one year high of $74.47. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.52 and a quick ratio of 3.52. The company’s 50-day simple moving average is $70.59 and its 200 day simple moving average is $65.59. The firm has a market capitalization of $1.92 billion, a P/E ratio of 38.68, a PEG ratio of 10.58 and a beta of -0.01.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, November 7th. This represents a $1.20 annualized dividend and a yield of 1.78%. This is a positive change from SJW Group’s previous quarterly dividend of $0.19. SJW Group’s payout ratio is presently 47.81%.

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of SJW Group in a research note on Friday. They set a “neutral” rating and a $73.00 target price on the stock. Macquarie assumed coverage on shares of SJW Group in a research note on Monday, October 7th. They set an “outperform” rating and a $79.00 target price on the stock. Wells Fargo & Co set a $80.00 target price on shares of SJW Group and gave the company a “buy” rating in a research note on Tuesday, September 3rd. ValuEngine raised shares of SJW Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research lowered shares of SJW Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $74.83.

SJW Group Company 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.

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

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