First National Corp MA ADV Buys New Stake in SJW Group (NYSE:SJW)

First National Corp MA ADV purchased a new position in SJW Group (NYSE:SJW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,919 shares of the utilities provider’s stock, valued at approximately $931,000. First National Corp MA ADV owned approximately 0.06% of SJW Group as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in SJW Group by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,637 shares of the utilities provider’s stock worth $956,000 after acquiring an additional 1,096 shares during the last quarter. Creative Planning grew its holdings in shares of SJW Group by 9.4% in the second quarter. Creative Planning now owns 11,873 shares of the utilities provider’s stock valued at $644,000 after purchasing an additional 1,018 shares in the last quarter. SG Americas Securities LLC bought a new stake in SJW Group in the third quarter worth $627,000. Handelsbanken Fonder AB lifted its position in SJW Group by 35.4% during the third quarter. Handelsbanken Fonder AB now owns 10,920 shares of the utilities provider’s stock valued at $635,000 after purchasing an additional 2,855 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of SJW Group in the 3rd quarter worth $309,000. 84.29% of the stock is owned by institutional investors.

SJW Group Stock Down 1.9 %

Shares of NYSE SJW opened at $50.82 on Monday. The company has a market cap of $1.66 billion, a P/E ratio of 18.56, a PEG ratio of 3.89 and a beta of 0.65. The firm has a 50-day simple moving average of $49.94 and a two-hundred day simple moving average of $55.08. SJW Group has a 1 year low of $44.91 and a 1 year high of $62.18. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.68 dividend on an annualized basis and a yield of 3.31%. This is a boost from SJW Group’s previous quarterly dividend of $0.40. SJW Group’s payout ratio is presently 57.97%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Bank of America upgraded shares of SJW Group from a “neutral” rating to a “buy” rating and decreased their target price for the company from $59.00 to $55.00 in a research report on Monday, February 3rd. StockNews.com downgraded SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company lowered their price target on SJW Group from $61.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th.

SJW Group Company Profile

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.