Dimensional Fund Advisors LP boosted its position in SJW Group (NYSE:SJW) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 700,239 shares of the utilities provider’s stock after acquiring an additional 5,226 shares during the period. Dimensional Fund Advisors LP’s holdings in SJW Group were worth $39,634,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in SJW. Vanguard Group Inc. boosted its stake in shares of SJW Group by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 925,004 shares of the utilities provider’s stock valued at $45,491,000 after purchasing an additional 14,115 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of SJW Group by 7.2% during the 2nd quarter. Renaissance Technologies LLC now owns 393,600 shares of the utilities provider’s stock valued at $19,357,000 after purchasing an additional 26,600 shares in the last quarter. State Street Corp boosted its stake in shares of SJW Group by 5.3% during the 2nd quarter. State Street Corp now owns 351,294 shares of the utilities provider’s stock valued at $17,283,000 after purchasing an additional 17,598 shares in the last quarter. Northern Trust Corp boosted its stake in shares of SJW Group by 0.7% during the 2nd quarter. Northern Trust Corp now owns 230,114 shares of the utilities provider’s stock valued at $11,317,000 after purchasing an additional 1,656 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of SJW Group by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 159,849 shares of the utilities provider’s stock valued at $7,861,000 after purchasing an additional 3,983 shares in the last quarter. 54.57% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research lowered shares of SJW Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 28th.
SJW Group (NYSE:SJW) last announced its earnings results on Wednesday, October 25th. The utilities provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.15. The firm had revenue of $124.58 million for the quarter, compared to analyst estimates of $107.00 million. SJW Group had a net margin of 14.83% and a return on equity of 11.81%. sell-side analysts forecast that SJW Group will post 2.48 earnings per share for the current fiscal year.
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About SJW Group
SJW Group, formerly SJW Corp., is a holding company. The Company’s subsidiaries include San Jose Water Company, SJWTX, Inc, SJW Land Company and Texas Water Alliance Limited (TWA). SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). It operates through the segments, which include Water Utility Services, Real Estate Services and All Other.
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