Dimensional Fund Advisors LP boosted its stake in shares of SJW Group (NYSE:SJW) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 689,512 shares of the company’s stock after buying an additional 12,569 shares during the period. Dimensional Fund Advisors LP’s holdings in SJW Group were worth $38,599,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Capital Insight Partners LLC purchased a new position in shares of SJW Group during the third quarter valued at approximately $219,000. SG Americas Securities LLC purchased a new position in shares of SJW Group during the third quarter valued at approximately $241,000. Russell Investments Group Ltd. purchased a new position in shares of SJW Group during the fourth quarter valued at approximately $448,000. Aperio Group LLC increased its position in shares of SJW Group by 43.2% in the third quarter. Aperio Group LLC now owns 8,725 shares of the company’s stock valued at $381,000 after buying an additional 2,630 shares during the last quarter. Finally, Monarch Partners Asset Management LLC increased its position in shares of SJW Group by 13.3% in the third quarter. Monarch Partners Asset Management LLC now owns 9,220 shares of the company’s stock valued at $403,000 after buying an additional 1,080 shares during the last quarter. Institutional investors own 44.65% of the company’s stock.
SJW Group (NYSE:SJW) opened at 47.54 on Monday. SJW Group has a 52 week low of $31.38 and a 52 week high of $56.93. The firm has a 50-day moving average of $48.34 and a 200-day moving average of $49.11. The company has a market capitalization of $974.00 million, a P/E ratio of 18.50 and a beta of 0.25.
SJW Group (NYSE:SJW) last announced its earnings results on Wednesday, February 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.02. SJW Group had a net margin of 15.89% and a return on equity of 13.23%. Analysts anticipate that SJW Group will post $2.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Monday, February 6th were given a $0.2175 dividend. This is a positive change from SJW Group’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, February 2nd. This represents a $0.87 annualized dividend and a dividend yield of 1.83%. SJW Group’s dividend payout ratio (DPR) is 32.34%.
Separately, Zacks Investment Research upgraded shares of SJW Group from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Tuesday, February 28th.
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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