Keynote Financial Services LLC Purchases 14,460 Shares of SJW Group (NYSE:SJW)

Keynote Financial Services LLC boosted its holdings in SJW Group (NYSE:SJW) by 49.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,880 shares of the utilities provider’s stock after acquiring an additional 14,460 shares during the quarter. SJW Group accounts for approximately 1.7% of Keynote Financial Services LLC’s holdings, making the stock its 12th largest position. Keynote Financial Services LLC owned approximately 0.13% of SJW Group worth $2,160,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SJW. Point72 DIFC Ltd lifted its holdings in shares of SJW Group by 81.4% during the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 316 shares in the last quarter. US Bancorp DE raised its position in SJW Group by 53.8% in 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. Meeder Asset Management Inc. purchased a new position in SJW Group in the 3rd quarter worth about $140,000. First Trust Direct Indexing L.P. bought a new position in SJW Group during the 3rd quarter valued at about $215,000. Finally, Aigen Investment Management LP purchased a new stake in shares of SJW Group during the 3rd quarter valued at about $225,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SJW. Wells Fargo & Company boosted their price objective on shares of SJW Group from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Friday. Bank of America raised SJW Group from a “neutral” rating to a “buy” rating and lowered their price target for the company 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 report on Friday.

SJW Group Stock Performance

SJW opened at $52.67 on Friday. The company’s 50 day moving average is $49.81 and its 200 day moving average is $54.37. 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 company has a market cap of $1.72 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 3.94 and a beta of 0.65. SJW Group has a 12-month low of $44.91 and a 12-month high of $62.18.

SJW Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a dividend of $0.42 per share. This is an increase from SJW Group’s previous quarterly dividend of $0.40. 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%. SJW Group’s payout ratio is presently 60.87%.

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.