SG Americas Securities LLC bought a new stake in SJW Group (NYSE:SJW) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 20,821 shares of the utilities provider’s stock, valued at approximately $1,273,000.

Several other hedge funds have also recently made changes to their positions in the company. Nuance Investments LLC increased its holdings in SJW Group by 178.3% during the second quarter. Nuance Investments LLC now owns 224,237 shares of the utilities provider’s stock worth $14,849,000 after buying an additional 143,662 shares during the last quarter. Bank of America Corp DE increased its holdings in SJW Group by 247.3% during the second quarter. Bank of America Corp DE now owns 143,643 shares of the utilities provider’s stock worth $9,512,000 after buying an additional 102,286 shares during the last quarter. Confluence Investment Management LLC purchased a new stake in SJW Group during the third quarter worth about $6,119,000. KBC Group NV increased its holdings in SJW Group by 101.6% during the second quarter. KBC Group NV now owns 184,851 shares of the utilities provider’s stock worth $12,241,000 after buying an additional 93,151 shares during the last quarter. Finally, American Century Companies Inc. purchased a new stake in SJW Group during the second quarter worth about $5,364,000. Institutional investors own 54.86% of the company’s stock.

NYSE SJW opened at $54.21 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.53 and a quick ratio of 0.53. The stock 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 52-week low of $51.26 and a 52-week high of $68.42.

SJW Group (NYSE:SJW) last issued its earnings results on Wednesday, October 24th. The utilities provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.20). The business had revenue of $124.85 million for the quarter, compared to the consensus estimate of $127.00 million. SJW Group had a return on equity of 10.92% and a net margin of 12.04%. On average, equities research analysts anticipate that SJW Group will post 2.19 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Monday, November 5th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 2.07%. SJW Group’s dividend payout ratio is presently 49.56%.

A number of research firms recently issued reports on SJW. Evercore ISI upgraded shares of SJW Group from an “in-line” rating to an “outperform” rating in a report on Wednesday. ValuEngine downgraded shares of SJW Group from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Zacks Investment Research upgraded shares of SJW Group from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Finally, Janney Montgomery Scott upgraded shares of SJW Group from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Monday, September 10th.

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About SJW Group

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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