Prosperity Consulting Group LLC Takes Position in SJW Group (NYSE:SJW)

Prosperity Consulting Group LLC bought a new stake in SJW Group (NYSE:SJW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,675 shares of the utilities provider's stock, valued at approximately $230,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of SJW Group by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider's stock valued at $128,840,000 after purchasing an additional 72,081 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of SJW Group by 197.0% during the 4th 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 in the last quarter. Nuance Investments LLC increased its position in shares of SJW Group by 4.3% during the fourth quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider's stock worth $61,872,000 after acquiring an additional 52,029 shares in the last quarter. Geode Capital Management LLC raised its position in SJW Group by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 745,624 shares of the utilities provider's stock valued at $36,708,000 after buying an additional 22,890 shares during the last quarter. Finally, Invesco Ltd. grew its position in SJW Group by 1.0% in the fourth quarter. Invesco Ltd. now owns 571,505 shares of the utilities provider's stock valued at $28,129,000 after purchasing an additional 5,900 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SJW. Bank of America upgraded SJW Group from a "neutral" rating to a "buy" rating and dropped their price target for the company from $59.00 to $55.00 in a research note on Monday, February 3rd. Wells Fargo & Company raised their target price on shares of SJW Group from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 29th. Finally, StockNews.com upgraded shares of SJW Group from a "sell" rating to a "hold" rating in a research report on Friday, February 28th.

SJW Group Stock Performance

Shares of SJW Group stock traded down $1.11 during trading hours on Friday, hitting $55.23. 193,052 shares of the company's stock traded hands, compared to its average volume of 229,279. The company has a fifty day simple moving average of $53.65 and a 200-day simple moving average of $52.76. SJW Group has a 12-month low of $44.91 and a 12-month high of $62.18. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 3.94 and a beta of 0.56. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77.

SJW Group Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.68 dividend on an annualized basis and a yield of 3.04%. SJW Group's payout ratio is 56.38%.

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.