Lido Advisors LLC purchased a new stake in shares of SJW Group (NYSE:SJW – Get Rating) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 8,400 shares of the utilities provider’s stock, valued at approximately $483,000.
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Several other large investors have also bought and sold shares of SJW. Advisor Group Holdings Inc. increased its stake in SJW Group by 55.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,385 shares of the utilities provider’s stock worth $96,000 after purchasing an additional 496 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of SJW Group by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 195,504 shares of the utilities provider’s stock worth $13,603,000 after acquiring an additional 6,063 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of SJW Group by 1,384.2% during the first quarter. PNC Financial Services Group Inc. now owns 4,794 shares of the utilities provider’s stock valued at $333,000 after acquiring an additional 4,471 shares during the period. Bank of Montreal Can lifted its position in shares of SJW Group by 3.8% in the 1st quarter. Bank of Montreal Can now owns 20,047 shares of the utilities provider’s stock valued at $1,405,000 after acquiring an additional 725 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of SJW Group in the 1st quarter valued at approximately $1,269,000. Institutional investors own 72.08% of the company’s stock.
SJW Group Stock Performance
SJW stock opened at $76.10 on Thursday. SJW Group has a 12 month low of $55.74 and a 12 month high of $83.88. The firm has a 50 day moving average of $78.26 and a two-hundred day moving average of $72.17. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 31.58 and a beta of 0.57.
SJW Group Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Monday, February 6th were given a $0.38 dividend. This is a positive change from SJW Group’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, February 3rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.00%. SJW Group’s dividend payout ratio (DPR) is currently 63.07%.
Analysts Set New Price Targets
Several equities analysts have weighed in on SJW shares. UBS Group initiated coverage on shares of SJW Group in a research note on Wednesday, November 30th. They set a “buy” rating and a $85.00 target price on the stock. Royal Bank of Canada downgraded SJW Group from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $76.00 to $85.00 in a research note on Tuesday, January 17th. Wells Fargo & Company lifted their target price on SJW Group from $72.00 to $78.00 in a research note on Wednesday, December 14th. JPMorgan Chase & Co. lowered shares of SJW Group from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $86.00 to $84.00 in a research report on Tuesday, February 7th. Finally, Seaport Res Ptn lowered shares of SJW Group from a “buy” rating to a “neutral” rating in a research note on Thursday, January 5th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, SJW Group currently has a consensus rating of “Hold” and a consensus target price of $79.40.
SJW Group Company Profile
SJW Group operates as a holding company, which through its subsidiaries provides water utility services. It operates through the Water Utility Services and Real Estate Services segments. The Water Utility Services segment offers water utility and utility-related services. The Real Estate Services segment engages in property management and investment activity.
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