SG Americas Securities LLC acquired a new stake in SJW Group (NYSE:SJW) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,821 shares of the utilities provider’s stock, valued at approximately $1,273,000. SG Americas Securities LLC owned about 0.10% of SJW Group as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in SJW Group by 59.5% during the third quarter. American Century Companies Inc. now owns 129,178 shares of the utilities provider’s stock worth $7,899,000 after acquiring an additional 48,179 shares in the last quarter. Victory Capital Management Inc. boosted its stake in SJW Group by 10.1% during the third quarter. Victory Capital Management Inc. now owns 17,004 shares of the utilities provider’s stock worth $1,040,000 after acquiring an additional 1,561 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in 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 acquiring an additional 1,400 shares in the last quarter. Confluence Investment Management LLC bought a new position in SJW Group during the third quarter worth $6,119,000. Finally, Northern Trust Corp boosted its stake in SJW Group by 7.9% during the second quarter. Northern Trust Corp now owns 248,546 shares of the utilities provider’s stock worth $16,459,000 after acquiring an additional 18,091 shares in the last quarter. 54.86% of the stock is currently owned by institutional investors.
Shares of NYSE SJW opened at $54.21 on Friday. The firm has a market cap of $1.13 billion, a P/E ratio of 22.38 and a beta of 0.04. SJW Group has a 12-month low of $51.26 and a 12-month high of $68.42. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.53 and a current ratio of 0.53.
SJW Group (NYSE:SJW) last issued its earnings results on Wednesday, October 24th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.20). SJW Group had a return on equity of 10.92% and a net margin of 12.04%. The company had revenue of $124.85 million for the quarter, compared to the consensus estimate of $127.00 million. Equities research analysts predict that SJW Group will post 2.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Monday, November 5th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, November 2nd. This represents a $1.12 annualized dividend and a yield of 2.07%. SJW Group’s payout ratio is 49.56%.
SJW has been the topic of several research analyst reports. Zacks Investment Research raised shares of SJW Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. ValuEngine lowered shares of SJW Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. Janney Montgomery Scott raised shares of SJW Group from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Monday, September 10th. Finally, Evercore ISI initiated coverage on shares of SJW Group in a research note on Monday, September 17th. They set an “in-line” rating and a $59.00 target price on the stock.
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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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