Dimensional Fund Advisors LP Sells 21,767 Shares of SJW Group (NYSE:SJW)

Dimensional Fund Advisors LP reduced its stake in shares of SJW Group (NYSE:SJW - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 694,811 shares of the utilities provider's stock after selling 21,767 shares during the quarter. Dimensional Fund Advisors LP owned 2.12% of SJW Group worth $34,199,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SJW. Russell Investments Group Ltd. increased its position in shares of SJW Group by 64.4% during the 4th quarter. Russell Investments Group Ltd. now owns 766 shares of the utilities provider's stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of SJW Group by 842.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,055 shares of the utilities provider's stock worth $52,000 after buying an additional 943 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of SJW Group by 47.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,079 shares of the utilities provider's stock valued at $102,000 after acquiring an additional 673 shares during the last quarter. Parkworth Wealth Management Inc. acquired a new position in shares of SJW Group in the 4th quarter worth approximately $178,000. Finally, ELCO Management Co. LLC acquired a new position in shares of SJW Group in the 4th quarter worth approximately $212,000. 84.29% of the stock is owned by institutional investors.

SJW Group Stock Performance

SJW Group has a one year low of $44.91 and a one year high of $62.18. The company has a 50-day simple moving average of $53.68 and a 200-day simple moving average of $52.73. 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 company has a market cap of $1.88 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 3.94 and a beta of 0.58.

SJW Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of ∞. The ex-dividend date is Monday, May 12th. SJW Group's payout ratio is 56.38%.

Analysts Set New Price Targets

SJW has been the subject of several research analyst reports. Bank of America upgraded 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 company an "equal weight" rating in a report on Tuesday, April 29th. Finally, StockNews.com raised shares of SJW Group from a "sell" rating to a "hold" rating in a report on Friday, February 28th.

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.