Barclays PLC Buys 7,946 Shares of SJW Group (NYSE:SJW)

Barclays PLC lifted its holdings in SJW Group (NYSE:SJW - Free Report) by 13.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,086 shares of the utilities provider's stock after acquiring an additional 7,946 shares during the quarter. Barclays PLC owned approximately 0.21% of SJW Group worth $3,351,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

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

SJW Group Stock Down 0.1 %

Shares of NYSE:SJW traded down $0.06 during trading on Wednesday, hitting $56.74. 305,984 shares of the company's stock traded hands, compared to its average volume of 229,296. The company has a 50-day moving average price of $53.55 and a 200-day moving average price of $52.90. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. SJW Group has a 52 week low of $44.91 and a 52 week high of $62.18. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 3.94 and a beta of 0.56.

SJW Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued 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 dividend yield of 2.96%. SJW Group's payout ratio is presently 58.95%.

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.