Edgestream Partners L.P. Buys 28,417 Shares of SJW Group (NYSE:SJW)

Edgestream Partners L.P. lifted its stake in SJW Group (NYSE:SJW) by 120.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,072 shares of the utilities provider’s stock after acquiring an additional 28,417 shares during the period. Edgestream Partners L.P. owned 0.16% of SJW Group worth $3,026,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Nuance Investments LLC raised its position in shares of SJW Group by 17.5% in the 2nd quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider’s stock worth $84,877,000 after acquiring an additional 233,601 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in SJW Group by 5.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider’s stock valued at $21,499,000 after buying an additional 20,646 shares in the last quarter. Bank of New York Mellon Corp increased its position in SJW Group by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 339,990 shares of the utilities provider’s stock valued at $18,434,000 after buying an additional 4,357 shares in the last quarter. Assenagon Asset Management S.A. increased its position in SJW Group by 29.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 212,299 shares of the utilities provider’s stock valued at $12,337,000 after buying an additional 48,200 shares in the last quarter. Finally, Clean Yield Group increased its position in SJW Group by 4.7% during the 2nd quarter. Clean Yield Group now owns 120,949 shares of the utilities provider’s stock valued at $6,558,000 after buying an additional 5,460 shares in the last quarter. 84.29% of the stock is owned by institutional investors.

SJW Group Stock Up 0.8 %

SJW Group stock opened at $55.72 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. The business’s 50-day simple moving average is $56.70 and its two-hundred day simple moving average is $56.95. The company has a market cap of $1.82 billion, a PE ratio of 20.19, a PEG ratio of 3.35 and a beta of 0.63. SJW Group has a fifty-two week low of $51.17 and a fifty-two week high of $70.43.

SJW Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.87%. SJW Group’s payout ratio is 57.97%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. StockNews.com lowered SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Bank of America initiated coverage on SJW Group in a research note on Friday, September 20th. They set a “neutral” rating and a $65.00 price target on the stock. Finally, Wells Fargo & Company dropped their price target on SJW Group from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th.

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.