Van Lanschot Kempen Investment Management N.V. Buys Shares of 49,400 SJW Group (NYSE:SJW)

Van Lanschot Kempen Investment Management N.V. purchased a new position in shares of SJW Group (NYSE:SJW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,400 shares of the utilities provider's stock, valued at approximately $2,431,000. Van Lanschot Kempen Investment Management N.V. owned about 0.15% of SJW Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of SJW Group by 1.9% during the third quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider's stock valued at $42,006,000 after acquiring an additional 13,614 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of SJW Group by 11.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 38,063 shares of the utilities provider's stock worth $1,873,000 after purchasing an additional 3,952 shares in the last quarter. SG Americas Securities LLC raised its stake in SJW Group by 195.7% in the 4th quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider's stock valued at $1,571,000 after purchasing an additional 21,123 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in SJW Group in the 4th quarter valued at $574,000. Finally, Barclays PLC boosted its stake in SJW Group by 376.0% during the 3rd quarter. Barclays PLC now owns 60,140 shares of the utilities provider's stock worth $3,495,000 after purchasing an additional 47,506 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

SJW Group Price Performance

NYSE SJW traded down $0.60 during trading hours on Friday, hitting $53.77. 185,522 shares of the company's stock traded hands, compared to its average volume of 228,949. SJW Group has a 52-week low of $44.91 and a 52-week high of $62.18. The company has a market capitalization of $1.84 billion, a PE ratio of 19.48, 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. The firm's 50-day moving average is $53.37 and its 200-day moving average is $52.88.

SJW Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from SJW Group's previous quarterly dividend of $0.40. SJW Group's dividend payout ratio is currently 58.95%.

Analyst Upgrades and Downgrades

SJW has been the subject of a number of recent research reports. Bank of America upgraded shares of SJW Group from a "neutral" rating to a "buy" rating and reduced their target price for the company from $59.00 to $55.00 in a research report on Monday, February 3rd. StockNews.com raised shares of SJW Group from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company upped their price objective on shares of SJW Group from $53.00 to $57.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th.

SJW Group 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.