Duff & Phelps Investment Management Co. Has $1.32 Million Stock Holdings in SJW Group (NYSE:SJW)

Duff & Phelps Investment Management Co. lowered its stake in SJW Group (NYSE:SJW) by 2.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 26,723 shares of the utilities provider’s stock after selling 685 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.08% of SJW Group worth $1,315,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SJW. Geode Capital Management LLC grew its position in shares of SJW Group by 1.9% in the third quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider’s stock valued at $42,006,000 after purchasing an additional 13,614 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in SJW Group by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider’s stock valued at $21,499,000 after buying an additional 20,646 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in 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 buying an additional 3,952 shares during the period. SG Americas Securities LLC lifted its holdings in shares of SJW Group by 195.7% during the fourth quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider’s stock worth $1,571,000 after buying an additional 21,123 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of SJW Group during the fourth quarter worth $574,000. 84.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SJW shares. Wells Fargo & Company raised their price target on shares of SJW Group from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Bank of America raised shares of SJW Group from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $59.00 to $55.00 in a report on Monday, February 3rd. Finally, StockNews.com raised SJW Group from a “sell” rating to a “hold” rating in a research report on Friday, February 28th.

SJW Group Stock Up 2.5 %

SJW stock opened at $53.60 on Friday. SJW Group has a 52 week low of $44.91 and a 52 week high of $62.18. The business has a 50-day simple moving average of $51.99 and a 200 day simple moving average of $53.65. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. The company has a market cap of $1.80 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 3.94 and a beta of 0.58.

SJW Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a $0.42 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from SJW Group’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 3.13%. SJW Group’s payout ratio is presently 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.