SJW Group (NYSE:SJW) Shares Acquired by Guggenheim Capital LLC

Guggenheim Capital LLC boosted its position in SJW Group (NYSE:SJW) by 7.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,018 shares of the utilities provider’s stock after acquiring an additional 2,305 shares during the period. Guggenheim Capital LLC’s holdings in SJW Group were worth $1,674,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Bank of America raised shares of SJW Group from a “neutral” rating to a “buy” rating and cut their price target for the stock from $59.00 to $55.00 in a research note on Monday, February 3rd. StockNews.com raised SJW Group from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company raised their price objective on SJW Group from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th.

SJW Group Stock Performance

Shares of SJW stock opened at $54.61 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. The company has a market cap of $1.86 billion, a PE ratio of 19.79, a P/E/G ratio of 3.94 and a beta of 0.56. The company’s fifty day simple moving average is $53.19 and its 200-day simple moving average is $52.97. SJW Group has a 52 week low of $44.91 and a 52 week high of $62.18.

SJW Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a $0.42 dividend. This is an increase 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 annualized dividend and a dividend yield of 3.08%. SJW Group’s dividend payout ratio is presently 58.95%.

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.