39,448 Shares in SJW Group (NYSE:SJW) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in SJW Group (NYSE:SJW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 39,448 shares of the utilities provider's stock, valued at approximately $1,942,000. Raymond James Financial Inc. owned 0.12% of SJW Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. ELCO Management Co. LLC purchased a new position in SJW Group in the fourth quarter worth approximately $212,000. Invesco Ltd. lifted its position in shares of SJW Group by 1.0% during the 4th quarter. Invesco Ltd. now owns 571,505 shares of the utilities provider's stock worth $28,129,000 after purchasing an additional 5,900 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of SJW Group by 64.4% during the fourth 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. Wells Fargo & Company MN increased its holdings in SJW Group by 9.7% in the fourth quarter. Wells Fargo & Company MN now owns 26,023 shares of the utilities provider's stock valued at $1,281,000 after buying an additional 2,310 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new stake in SJW Group in the fourth quarter valued at $328,000. 84.29% of the stock is owned by institutional investors and hedge funds.

SJW Group Stock Performance

NYSE SJW traded down $0.37 during trading hours on Monday, hitting $54.86. The company had a trading volume of 198,473 shares, compared to its average volume of 229,156. The business has a 50 day moving average of $53.65 and a 200-day moving average of $52.76. 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 1-year low of $44.91 and a 1-year high of $62.18. The company has a market cap of $1.87 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 3.94 and a beta of 0.56.

SJW Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be paid a dividend of $0.42 per share. The ex-dividend date is Monday, May 12th. This represents a $1.68 dividend on an annualized basis and a yield of 3.06%. SJW Group's dividend payout ratio is presently 56.38%.

Analyst Ratings Changes

Several research firms have recently issued reports on SJW. Bank of America raised SJW Group from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $59.00 to $55.00 in a research report on Monday, February 3rd. Wells Fargo & Company upped 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.

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.