Two Sigma Securities LLC Invests $233,000 in SJW Group (NYSE:SJW)

Two Sigma Securities LLC purchased a new stake in SJW Group (NYSE:SJW - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,736 shares of the utilities provider's stock, valued at approximately $233,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP raised its position in shares of SJW Group by 197.0% in the 4th quarter. First Trust Advisors LP now owns 1,317,721 shares of the utilities provider's stock worth $64,858,000 after acquiring an additional 873,973 shares in the last quarter. Norges Bank purchased a new position in shares of SJW Group in the fourth quarter worth approximately $10,255,000. JPMorgan Chase & Co. increased its holdings in SJW Group by 131.4% in the 4th quarter. JPMorgan Chase & Co. now owns 153,687 shares of the utilities provider's stock worth $7,564,000 after acquiring an additional 87,260 shares in the last quarter. Vanguard Group Inc. raised its position in shares of SJW Group by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider's stock valued at $128,840,000 after buying an additional 72,081 shares during the last quarter. Finally, Nuance Investments LLC boosted its holdings in shares of SJW Group by 4.3% during the 4th quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider's stock valued at $61,872,000 after purchasing an additional 52,029 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

SJW Group Stock Performance

SJW Group stock traded down $1.11 during trading hours on Friday, hitting $55.23. 193,052 shares of the stock traded hands, compared to its average volume of 229,382. 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 has a 1 year low of $44.91 and a 1 year high of $62.18. The firm's 50 day moving average price is $53.65 and its 200-day moving average price is $52.86. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 3.94 and a beta of 0.56.

SJW Group Dividend Announcement

The business 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. This represents a $1.68 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Monday, May 12th. SJW Group's dividend payout ratio is currently 56.38%.

Analyst Upgrades and Downgrades

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

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.