New Age Alpha Advisors LLC Acquires Shares of 42,246 SJW Group (NYSE:SJW)

New Age Alpha Advisors LLC bought a new position in SJW Group (NYSE:SJW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 42,246 shares of the utilities provider’s stock, valued at approximately $2,079,000. New Age Alpha Advisors LLC owned approximately 0.13% of SJW Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Duff & Phelps Investment Management Co. bought a new position in SJW Group in the 3rd quarter worth approximately $1,593,000. Geode Capital Management LLC boosted its holdings in shares of SJW Group by 1.9% in the third quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider’s stock worth $42,006,000 after acquiring an additional 13,614 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of SJW Group by 5.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider’s stock valued at $21,499,000 after purchasing an additional 20,646 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of SJW Group by 11.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 38,063 shares of the utilities provider’s stock valued at $1,873,000 after purchasing an additional 3,952 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of SJW Group by 195.7% during the 4th quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider’s stock valued at $1,571,000 after purchasing an additional 21,123 shares during the period. Institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

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

SJW Group Price Performance

SJW Group stock opened at $53.60 on Friday. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 3.94 and a beta of 0.58. 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 business has a 50-day simple moving average of $51.99 and a 200 day simple moving average of $53.60. 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. Stockholders of record on Monday, February 10th were issued a dividend of $0.42 per share. This is a positive change from SJW Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.68 annualized dividend and a dividend yield of 3.13%. SJW Group’s 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.