Schwab Charles Investment Management Inc. grew its position in SJW Group (NYSE:SJW) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,608 shares of the utilities provider’s stock after acquiring an additional 949 shares during the period. Schwab Charles Investment Management Inc. owned about 0.38% of SJW Group worth $3,817,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. First Manhattan Co. boosted its holdings in shares of SJW Group by 19.4% in the second quarter. First Manhattan Co. now owns 302,690 shares of the utilities provider’s stock valued at $14,886,000 after acquiring an additional 49,150 shares in the last quarter. Bowling Portfolio Management LLC boosted its holdings in shares of SJW Group by 217.5% in the second quarter. Bowling Portfolio Management LLC now owns 22,373 shares of the utilities provider’s stock valued at $1,100,000 after acquiring an additional 15,326 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of SJW Group in the second quarter valued at about $315,000. Russell Investments Group Ltd. boosted its holdings in shares of SJW Group by 90.7% in the second quarter. Russell Investments Group Ltd. now owns 28,857 shares of the utilities provider’s stock valued at $1,419,000 after acquiring an additional 13,721 shares in the last quarter. Finally, Forsta AP Fonden boosted its holdings in shares of SJW Group by 628.2% in the second quarter. Forsta AP Fonden now owns 28,400 shares of the utilities provider’s stock valued at $1,397,000 after acquiring an additional 24,500 shares in the last quarter. 47.60% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Schwab Charles Investment Management Inc. Has $3.82 Million Stake in SJW Group (SJW)” was published by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://www.dailypolitical.com/2017/10/18/schwab-charles-investment-management-inc-has-3-82-million-stake-in-sjw-group-sjw.html.

In other SJW Group news, insider Palle Jensen sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $55.14, for a total transaction of $165,420.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 21.10% of the stock is currently owned by company insiders.

Shares of SJW Group (NYSE SJW) opened at 63.08 on Wednesday. The stock has a market cap of $1.29 billion, a P/E ratio of 24.54 and a beta of 0.15. The company’s 50-day moving average is $57.20 and its 200-day moving average is $52.15. SJW Group has a 12-month low of $42.59 and a 12-month high of $63.78.

SJW has been the topic of a number of research analyst reports. BidaskClub downgraded shares of SJW Group from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Janney Montgomery Scott raised shares of SJW Group from a “neutral” rating to a “buy” rating in a report on Friday, July 28th. Finally, Zacks Investment Research raised shares of SJW Group from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock in a report on Wednesday, August 2nd.

SJW Group Company Profile

SJW Group, formerly SJW Corp., is a holding company. The Company’s subsidiaries include San Jose Water Company, SJWTX, Inc, SJW Land Company and Texas Water Alliance Limited (TWA). SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). It operates through the segments, which include Water Utility Services, Real Estate Services and All Other.

Want to see what other hedge funds are holding SJW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SJW Group (NYSE:SJW).

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.