Quantamental Technologies LLC Invests $46,000 in SJW Group (SJW) Stock

Quantamental Technologies LLC purchased a new stake in shares of SJW Group (NYSE:SJW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 749 shares of the utilities provider’s stock, valued at approximately $46,000.

A number of other hedge funds have also made changes to their positions in the business. Advisor Group Inc. lifted its position in shares of SJW Group by 41.7% during the fourth quarter. Advisor Group Inc. now owns 952 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 280 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of SJW Group by 55.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,237 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 443 shares in the last quarter. Cutler Group LP lifted its position in shares of SJW Group by 1,435.6% during the fourth quarter. Cutler Group LP now owns 1,597 shares of the utilities provider’s stock worth $88,000 after purchasing an additional 1,493 shares in the last quarter. ClariVest Asset Management LLC acquired a new position in shares of SJW Group during the fourth quarter worth $91,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of SJW Group by 23.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,525 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 288 shares in the last quarter. 66.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:SJW opened at $62.71 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.63 and a quick ratio of 5.63. The firm has a market capitalization of $1.73 billion, a P/E ratio of 24.98, a P/E/G ratio of 4.31 and a beta of 0.06. SJW Group has a 12-month low of $51.82 and a 12-month high of $68.42.

SJW Group (NYSE:SJW) last issued its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.13. The business had revenue of $77.68 million during the quarter, compared to analyst estimates of $77.00 million. SJW Group had a net margin of 10.83% and a return on equity of 8.37%. Equities research analysts predict that SJW Group will post 2.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 6th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.91%. SJW Group’s dividend payout ratio (DPR) is presently 47.81%.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of SJW Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Wells Fargo & Co set a $72.00 target price on shares of SJW Group and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, ValuEngine cut shares of SJW Group from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. SJW Group presently has a consensus rating of “Buy” and an average target price of $66.00.

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About SJW Group

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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