Vanguard Group Inc. Has $143.51 Million Holdings in SJW Group (NYSE:SJW)

Vanguard Group Inc. grew its position in shares of SJW Group (NYSE:SJW - Free Report) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,387,456 shares of the utilities provider's stock after buying an additional 61,015 shares during the period. Vanguard Group Inc. owned 7.48% of SJW Group worth $143,510,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of SJW Group by 4.5% during the 3rd quarter. American Century Companies Inc. now owns 429,461 shares of the utilities provider's stock valued at $25,815,000 after buying an additional 18,653 shares during the last quarter. Comerica Bank purchased a new stake in SJW Group during the 3rd quarter worth about $1,107,000. Creative Planning lifted its holdings in SJW Group by 7.0% during the 3rd quarter. Creative Planning now owns 11,163 shares of the utilities provider's stock worth $671,000 after purchasing an additional 730 shares in the last quarter. Morgan Stanley lifted its holdings in SJW Group by 13.0% during the 3rd quarter. Morgan Stanley now owns 373,963 shares of the utilities provider's stock worth $22,479,000 after purchasing an additional 42,994 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in SJW Group by 22.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,977 shares of the utilities provider's stock worth $900,000 after purchasing an additional 2,707 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

SJW Group Price Performance

Shares of NYSE:SJW traded down $1.11 on Tuesday, hitting $54.81. The company's stock had a trading volume of 172,004 shares, compared to its average volume of 178,367. The company has a 50-day simple moving average of $57.89 and a 200 day simple moving average of $61.44. SJW Group has a 1 year low of $54.39 and a 1 year high of $81.86. The company has a market capitalization of $1.76 billion, a PE ratio of 20.53, a PEG ratio of 2.74 and a beta of 0.58. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.58 and a quick ratio of 0.58.

SJW Group (NYSE:SJW - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). SJW Group had a net margin of 12.68% and a return on equity of 7.10%. The business had revenue of $171.34 million during the quarter, compared to analysts' expectations of $161.23 million. During the same period in the previous year, the business earned $1.09 EPS. Sell-side analysts forecast that SJW Group will post 2.75 EPS for the current fiscal year.

SJW Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 5th were issued a $0.40 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.92%. This is a boost from SJW Group's previous quarterly dividend of $0.19. SJW Group's dividend payout ratio (DPR) is presently 59.93%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SJW. StockNews.com cut SJW Group from a "hold" rating to a "sell" rating in a report on Tuesday, February 27th. Seaport Res Ptn raised SJW Group from a "neutral" rating to a "buy" rating in a report on Monday, February 26th. Finally, Wells Fargo & Company increased their price objective on SJW Group from $61.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, SJW Group presently has an average rating of "Hold" and an average price target of $66.00.

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.