Parametric Portfolio Associates LLC Boosts Stock Position in SJW Group (NYSE:SJW)

Parametric Portfolio Associates LLC lifted its position in SJW Group (NYSE:SJW) by 5.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,860 shares of the utilities provider’s stock after purchasing an additional 1,280 shares during the quarter. Parametric Portfolio Associates LLC owned 0.09% of SJW Group worth $1,552,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SJW. FMR LLC boosted its holdings in shares of SJW Group by 24.5% in the 1st quarter. FMR LLC now owns 548,854 shares of the utilities provider’s stock worth $33,886,000 after purchasing an additional 108,003 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of SJW Group in the 1st quarter valued at about $16,536,000. Victory Capital Management Inc. lifted its stake in shares of SJW Group by 43.3% in the 4th quarter. Victory Capital Management Inc. now owns 9,310 shares of the utilities provider’s stock valued at $662,000 after acquiring an additional 2,811 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of SJW Group by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 160,680 shares of the utilities provider’s stock valued at $11,418,000 after acquiring an additional 3,732 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of SJW Group by 3.7% in the 4th quarter. Comerica Bank now owns 17,158 shares of the utilities provider’s stock valued at $1,276,000 after acquiring an additional 618 shares during the last quarter. Hedge funds and other institutional investors own 68.18% of the company’s stock.

In other news, CFO James Patrick Lynch sold 705 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $63.67, for a total value of $44,887.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.30% of the stock is currently owned by corporate insiders.

SJW has been the subject of a number of recent research reports. Royal Bank of Canada initiated coverage on SJW Group in a research note on Friday, April 24th. They issued an “outperform” rating and a $68.00 target price for the company. Seaport Global Securities initiated coverage on SJW Group in a research note on Wednesday, May 20th. They issued a “neutral” rating for the company. Zacks Investment Research lowered SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 26th. Wells Fargo & Co lowered their price target on SJW Group from $78.00 to $67.00 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. Finally, ValuEngine raised SJW Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $70.83.

SJW opened at $60.01 on Wednesday. SJW Group has a one year low of $45.60 and a one year high of $74.99. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 86.97, a PEG ratio of 1.95 and a beta of 0.27. The business has a 50 day simple moving average of $60.52 and a two-hundred day simple moving average of $64.61. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.54 and a quick ratio of 0.54.

SJW Group (NYSE:SJW) last announced its earnings results on Monday, May 4th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). SJW Group had a return on equity of 4.67% and a net margin of 4.35%. The firm had revenue of $115.75 million during the quarter, compared to the consensus estimate of $104.80 million. As a group, sell-side analysts expect that SJW Group will post 2.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Friday, May 8th. SJW Group’s dividend payout ratio is currently 71.91%.

SJW Group Profile

SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.

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Institutional Ownership by Quarter for SJW Group (NYSE:SJW)

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