New Age Alpha Advisors LLC Invests $2.08 Million in SJW Group (NYSE:SJW)

New Age Alpha Advisors LLC acquired a new stake in shares of SJW Group (NYSE:SJW) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 42,246 shares of the utilities provider’s stock, valued at approximately $2,079,000.

A number of other large investors also recently modified their holdings of SJW. Vanguard Group Inc. raised its stake in shares of SJW Group by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider’s stock worth $128,840,000 after acquiring an additional 72,081 shares in the last quarter. Nuance Investments LLC grew its holdings in shares of SJW Group by 4.3% during the 4th quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider’s stock valued at $61,872,000 after purchasing an additional 52,029 shares during the last quarter. Geode Capital Management LLC raised its position in SJW Group by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider’s stock worth $42,006,000 after purchasing an additional 13,614 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in SJW Group by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 390,911 shares of the utilities provider’s stock worth $19,241,000 after purchasing an additional 20,944 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in 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 purchasing an additional 19,136 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

SJW Group Stock Performance

SJW Group stock opened at $53.60 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. The firm has a market cap of $1.80 billion, a P/E ratio of 19.42, a P/E/G ratio of 3.94 and a beta of 0.58. SJW Group has a 1-year low of $44.91 and a 1-year high of $62.18. The firm has a 50-day moving average of $51.99 and a 200-day moving average of $53.60.

SJW Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a $0.42 dividend. This is a positive change from SJW Group’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Monday, February 10th. SJW Group’s dividend payout ratio (DPR) is currently 58.95%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SJW. Wells Fargo & Company lifted their price objective on SJW Group from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. StockNews.com raised SJW Group from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Bank of America raised SJW Group from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $59.00 to $55.00 in a research note on Monday, February 3rd.

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.