Versor Investments LP Increases Stake in SJW Group (NYSE:SJW)

Versor Investments LP raised its stake in SJW Group (NYSE:SJW) by 42.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,989 shares of the utilities provider’s stock after acquiring an additional 2,957 shares during the quarter. Versor Investments LP’s holdings in SJW Group were worth $492,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of SJW Group in the 4th quarter valued at $574,000. Illinois Municipal Retirement Fund increased its holdings in SJW Group by 7.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 16,555 shares of the utilities provider’s stock valued at $815,000 after buying an additional 1,175 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of SJW Group by 6.2% in the fourth quarter. Bank of New York Mellon Corp now owns 327,589 shares of the utilities provider’s stock worth $16,124,000 after acquiring an additional 19,136 shares during the period. Ieq Capital LLC purchased a new stake in shares of SJW Group during the 4th quarter worth about $420,000. Finally, Principal Financial Group Inc. grew its position in shares of SJW Group by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 146,914 shares of the utilities provider’s stock valued at $7,231,000 after acquiring an additional 6,362 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

SJW Group Stock Up 0.7 %

SJW opened at $52.67 on Friday. The company has a market cap of $1.72 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 3.94 and a beta of 0.65. SJW Group has a twelve month low of $44.91 and a twelve month high of $62.18. The company has a 50-day moving average price of $49.81 and a 200 day moving average price of $54.37. 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.19%. This is a boost from SJW Group’s previous quarterly dividend of $0.40. SJW Group’s dividend payout ratio is presently 60.87%.

Wall Street Analysts Forecast Growth

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

SJW Group Company 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.