Daiwa Securities Group Inc. Buys 961 Shares of SJW Group (NYSE:SJW)

Daiwa Securities Group Inc. boosted its stake in shares of SJW Group (NYSE:SJW) by 12.1% during the 4th quarter, HoldingsChannel reports. The fund owned 8,929 shares of the utilities provider’s stock after purchasing an additional 961 shares during the period. Daiwa Securities Group Inc.’s holdings in SJW Group were worth $439,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Point72 DIFC Ltd increased its stake in SJW Group by 81.4% during the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 316 shares during the last quarter. US Bancorp DE increased its stake in SJW Group by 53.8% during the third quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 439 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in SJW Group by 47.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,079 shares of the utilities provider’s stock worth $102,000 after acquiring an additional 673 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in SJW Group during the third quarter worth approximately $140,000. Finally, Aigen Investment Management LP bought a new stake in SJW Group during the third quarter worth approximately $225,000. 84.29% of the stock is owned by institutional investors.

SJW Group Stock Up 1.1 %

Shares of NYSE:SJW opened at $54.09 on Monday. 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 has a market capitalization of $1.82 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 3.94 and a beta of 0.58. The business has a 50 day simple moving average of $50.84 and a two-hundred day simple moving average of $54.04. SJW Group has a 1 year low of $44.91 and a 1 year high of $62.18.

SJW Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a $0.42 dividend. This is a positive change from SJW Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.11%. SJW Group’s payout ratio is presently 58.95%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SJW shares. Bank of America upgraded SJW Group from a “neutral” rating to a “buy” rating and dropped their target price for the company from $59.00 to $55.00 in a research report on Monday, February 3rd. Wells Fargo & Company boosted their target price on SJW Group from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, StockNews.com upgraded SJW Group from a “sell” rating to a “hold” rating in a research report 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.