SJW Group (NYSE:SJW) Shares Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC boosted its holdings in SJW Group (NYSE:SJW) by 75.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,389 shares of the utilities provider’s stock after acquiring an additional 2,751 shares during the period. EntryPoint Capital LLC’s holdings in SJW Group were worth $314,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Duff & Phelps Investment Management Co. bought a new stake in shares of SJW Group in the 3rd quarter worth approximately $1,593,000. Geode Capital Management LLC lifted its stake in SJW Group by 1.9% in the third quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider’s stock valued at $42,006,000 after buying an additional 13,614 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 valued at $21,499,000 after acquiring an additional 20,646 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of SJW Group by 11.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 38,063 shares of the utilities provider’s stock worth $1,873,000 after acquiring an additional 3,952 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of SJW Group by 195.7% in the 4th quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider’s stock worth $1,571,000 after acquiring an additional 21,123 shares during the period. 84.29% of the stock is currently owned by institutional investors and hedge funds.

SJW Group Stock Up 0.7 %

SJW Group stock opened at $52.28 on Friday. SJW Group has a 52 week low of $44.91 and a 52 week high of $62.18. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 3.94 and a beta of 0.58. The company’s 50-day moving average price is $51.88 and its two-hundred day moving average price is $53.68. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25.

SJW Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a dividend of $0.42 per share. This is a boost from SJW Group’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, February 10th. This represents a $1.68 annualized dividend and a yield of 3.21%. SJW Group’s payout ratio is presently 58.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SJW shares. Bank of America raised shares of SJW Group from a “neutral” rating to a “buy” rating and reduced their target price for the company from $59.00 to $55.00 in a research note on Monday, February 3rd. StockNews.com raised SJW Group from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Finally, Wells Fargo & Company raised their target price on SJW Group from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th.

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.