SJW Group (NYSE:SJW) Shares Bought by Cerity Partners LLC

Cerity Partners LLC raised its position in shares of SJW Group (NYSE:SJW) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,459,365 shares of the utilities provider’s stock after acquiring an additional 1,532 shares during the quarter. Cerity Partners LLC owned approximately 4.46% of SJW Group worth $71,847,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in SJW Group by 2.2% during the 4th quarter. Arizona State Retirement System now owns 9,015 shares of the utilities provider’s stock worth $444,000 after purchasing an additional 197 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of SJW Group by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 17,198 shares of the utilities provider’s stock worth $846,000 after buying an additional 210 shares in the last quarter. HighTower Advisors LLC boosted its position in SJW Group by 5.6% during the fourth quarter. HighTower Advisors LLC now owns 4,430 shares of the utilities provider’s stock worth $218,000 after acquiring an additional 233 shares during the last quarter. Russell Investments Group Ltd. boosted its position in SJW Group by 64.4% during the fourth quarter. Russell Investments Group Ltd. now owns 766 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 300 shares during the last quarter. Finally, Point72 DIFC Ltd grew its stake in SJW Group by 81.4% during the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 316 shares in the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

SJW Group Price Performance

Shares of SJW stock opened at $51.28 on Tuesday. The firm’s 50-day moving average is $52.76 and its two-hundred day moving average is $53.31. SJW Group has a 12 month low of $44.91 and a 12 month high of $62.18. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $1.75 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 3.94 and a beta of 0.56.

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 issued 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 dividend on an annualized basis and a yield of 3.28%. SJW Group’s dividend payout ratio is currently 58.95%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SJW. Wells Fargo & Company boosted their target price 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 upgraded SJW Group from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Bank of America upgraded SJW Group from a “neutral” rating to a “buy” rating and dropped their target price for the company from $59.00 to $55.00 in a report on Monday, February 3rd.

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.