Cerity Partners LLC Buys 2,192 Shares of SJW Group (NYSE:SJW)

Cerity Partners LLC boosted its stake in SJW Group (NYSE:SJW) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,457,833 shares of the utilities provider’s stock after acquiring an additional 2,192 shares during the quarter. Cerity Partners LLC owned 4.46% of SJW Group worth $84,715,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SJW. Nuance Investments LLC raised its holdings in shares of SJW Group by 17.5% in the second quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider’s stock valued at $84,877,000 after purchasing an additional 233,601 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in SJW Group by 5.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider’s stock worth $21,499,000 after purchasing an additional 20,646 shares during the last quarter. Bank of New York Mellon Corp grew its position in SJW Group by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 339,990 shares of the utilities provider’s stock valued at $18,434,000 after purchasing an additional 4,357 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in SJW Group by 29.4% in 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 during the last quarter. Finally, Clean Yield Group lifted 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 worth $6,558,000 after buying an additional 5,460 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

SJW Group Trading Up 0.7 %

Shares of SJW Group stock opened at $55.76 on Friday. SJW Group has a 1 year low of $51.17 and a 1 year high of $70.43. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 3.32 and a beta of 0.63. The business has a fifty day simple moving average of $57.15 and a two-hundred day simple moving average of $57.03. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77.

SJW Group Announces Dividend

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

Wall Street Analysts Forecast Growth

SJW has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on SJW Group from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Bank of America assumed coverage on SJW Group in a research note on Friday, September 20th. They issued a “neutral” rating and a $65.00 price target for the company. Finally, StockNews.com cut SJW Group from a “hold” rating to a “sell” rating 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.