MQS Management LLC Makes New $233,000 Investment in SJW Group (NYSE:SJW)

MQS Management LLC bought a new stake in shares of SJW Group (NYSE:SJW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,011 shares of the utilities provider’s stock, valued at approximately $233,000.

Several other large investors have also modified their holdings of the business. Nuance Investments LLC boosted its position in shares of SJW Group by 17.5% during the second quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider’s stock valued at $84,877,000 after buying an additional 233,601 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of SJW Group by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 339,990 shares of the utilities provider’s stock valued at $18,434,000 after purchasing an additional 4,357 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of SJW Group by 29.4% in the third quarter. Assenagon Asset Management S.A. now owns 212,299 shares of the utilities provider’s stock valued at $12,337,000 after purchasing an additional 48,200 shares during the period. Clean Yield Group boosted its holdings in shares of SJW Group by 4.7% in the second quarter. Clean Yield Group now owns 120,949 shares of the utilities provider’s stock valued at $6,558,000 after purchasing an additional 5,460 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of SJW Group by 8.8% in the second quarter. Raymond James & Associates now owns 113,852 shares of the utilities provider’s stock valued at $6,173,000 after purchasing an additional 9,165 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SJW shares. Bank of America started coverage on SJW Group in a report on Friday, September 20th. They issued a “neutral” rating and a $65.00 price target for the company. Wells Fargo & Company lowered their price target on SJW Group from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Finally, StockNews.com lowered SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

SJW Group Stock Performance

Shares of NYSE:SJW opened at $54.80 on Friday. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 3.27 and a beta of 0.63. SJW Group has a 52 week low of $51.17 and a 52 week high of $70.43. 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 firm has a 50 day moving average of $57.54 and a 200 day moving average of $57.02.

SJW Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Monday, November 4th. SJW Group’s dividend payout ratio (DPR) is 57.97%.

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.