American Century Companies Inc. Increases Stake in SJW Group (SJW)
American Century Companies Inc. lifted its holdings in shares of SJW Group (NYSE:SJW) by 59.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,178 shares of the utilities provider’s stock after acquiring an additional 48,179 shares during the period. American Century Companies Inc. owned 0.63% of SJW Group worth $7,899,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. grew its position 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 acquiring an additional 797 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of SJW Group during the second quarter worth approximately $207,000. Brookstone Capital Management purchased a new position in shares of SJW Group during the second quarter worth approximately $227,000. Raymond James & Associates purchased a new position in shares of SJW Group during the second quarter worth approximately $309,000. Finally, Russell Investments Group Ltd. grew its position 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 acquiring an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 55.91% of the company’s stock.
Shares of NYSE SJW opened at $64.47 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.53 and a quick ratio of 0.53. SJW Group has a 1-year low of $51.26 and a 1-year high of $69.29. The firm has a market cap of $1.34 billion, a P/E ratio of 28.53 and a beta of 0.05.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 5th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, November 2nd. SJW Group’s dividend payout ratio is presently 49.56%.
A number of equities analysts have recently issued reports on SJW shares. Zacks Investment Research lowered shares of SJW Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. ValuEngine downgraded SJW Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Janney Montgomery Scott raised SJW Group from a “neutral” rating to a “buy” rating and set a $63.00 price target for the company in a report on Monday, September 10th. Finally, Evercore ISI started coverage on SJW Group in a report on Monday, September 17th. They set an “in-line” rating and a $59.00 price target for the company.
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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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