AlphaQuest LLC Grows Holdings in SJW Group (NYSE:SJW)

AlphaQuest LLC grew its position in shares of SJW Group (NYSE:SJW) by 76.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,807 shares of the utilities provider’s stock after buying an additional 4,264 shares during the quarter. AlphaQuest LLC’s holdings in SJW Group were worth $483,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Point72 DIFC Ltd raised its position in SJW Group by 81.4% during the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock worth $41,000 after buying an additional 316 shares during the last quarter. US Bancorp DE raised its position in SJW Group by 53.8% during the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock worth $73,000 after buying an additional 439 shares during the last quarter. PNC Financial Services Group Inc. raised its position in SJW Group by 47.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,079 shares of the utilities provider’s stock worth $102,000 after buying an additional 673 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in SJW Group during the 3rd quarter worth $140,000. Finally, Aigen Investment Management LP purchased a new position in SJW Group during the 3rd quarter worth $225,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

SJW has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective 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. StockNews.com upgraded shares of SJW Group from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Finally, Bank of America upgraded shares of SJW Group from a “neutral” rating to a “buy” rating and cut their price target for the company from $59.00 to $55.00 in a report on Monday, February 3rd.

SJW Group Stock Performance

Shares of SJW opened at $52.83 on Thursday. The company has a 50-day simple moving average of $50.63 and a 200-day simple moving average of $54.13. 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 capitalization of $1.78 billion, a PE ratio of 19.14, a P/E/G ratio of 3.94 and a beta of 0.58. SJW Group has a 52-week low of $44.91 and a 52-week high of $62.18.

SJW Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.18%. This is a boost from SJW Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, February 10th. SJW Group’s dividend payout ratio is presently 58.95%.

About SJW Group

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.