SJW Group (NYSE:SJW) Shares Bought by Invesco Ltd.

Invesco Ltd. boosted its stake in shares of SJW Group (NYSE:SJW) by 1.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 571,505 shares of the utilities provider’s stock after purchasing an additional 5,900 shares during the period. Invesco Ltd. owned approximately 1.75% of SJW Group worth $28,129,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SJW. Geode Capital Management LLC grew its holdings in SJW Group by 1.9% during the third quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider’s stock worth $42,006,000 after acquiring an additional 13,614 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of SJW Group by 11.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 38,063 shares of the utilities provider’s stock worth $1,873,000 after purchasing an additional 3,952 shares during the period. SG Americas Securities LLC lifted its stake in shares of SJW Group by 195.7% in the 4th quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider’s stock valued at $1,571,000 after purchasing an additional 21,123 shares during the period. Proficio Capital Partners LLC purchased a new stake in SJW Group during the fourth quarter worth $574,000. Finally, Barclays PLC grew its position in SJW Group by 376.0% during the third quarter. Barclays PLC now owns 60,140 shares of the utilities provider’s stock valued at $3,495,000 after buying an additional 47,506 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Analyst Ratings Changes

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

SJW Group Stock Performance

SJW opened at $54.61 on Friday. The firm’s fifty day simple moving average is $53.14 and its two-hundred day simple moving average is $53.06. SJW Group has a 52-week low of $44.91 and a 52-week high of $62.18. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 3.94 and a beta of 0.56. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25.

SJW Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a $0.42 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from SJW Group’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 3.08%. SJW Group’s dividend payout ratio (DPR) is currently 58.95%.

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.