23,548 Shares in SJW Group (NYSE:SJW) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP purchased a new stake in shares of SJW Group (NYSE:SJW - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 23,548 shares of the utilities provider's stock, valued at approximately $1,159,000. Dark Forest Capital Management LP owned approximately 0.07% of SJW Group as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of SJW. First Trust Advisors LP lifted its holdings in shares of SJW Group by 197.0% during the fourth quarter. First Trust Advisors LP now owns 1,317,721 shares of the utilities provider's stock valued at $64,858,000 after purchasing an additional 873,973 shares during the last quarter. Norges Bank acquired a new stake in SJW Group during the fourth quarter valued at $10,255,000. JPMorgan Chase & Co. grew its stake in SJW Group by 131.4% in the fourth quarter. JPMorgan Chase & Co. now owns 153,687 shares of the utilities provider's stock valued at $7,564,000 after purchasing an additional 87,260 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of SJW Group by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider's stock worth $128,840,000 after purchasing an additional 72,081 shares in the last quarter. Finally, Nuance Investments LLC lifted 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 buying an additional 52,029 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

SJW Group Price Performance

Shares of NYSE SJW traded up $2.44 during midday trading on Tuesday, reaching $55.95. 76,166 shares of the company traded hands, compared to its average volume of 228,452. The stock's 50-day simple moving average is $53.38 and its 200-day simple moving average is $52.85. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. SJW Group has a 12 month low of $44.91 and a 12 month high of $62.18. The firm has a market cap of $1.91 billion, a PE ratio of 20.27, a PEG ratio of 3.94 and a beta of 0.56.

SJW Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a $0.42 dividend. This is an increase from SJW Group's previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Monday, February 10th. SJW Group's payout ratio is presently 58.95%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Bank of America raised shares of SJW Group from a "neutral" rating to a "buy" rating and cut their price objective for the company from $59.00 to $55.00 in a research report on Monday, February 3rd. Wells Fargo & Company lifted their price target on SJW Group from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, StockNews.com raised SJW Group from a "sell" rating to a "hold" rating in a research report on Friday, February 28th.

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.