Allspring Global Investments Holdings LLC Has $2.19 Million Holdings in SJW Group (NYSE:SJW)

Allspring Global Investments Holdings LLC increased its position in shares of SJW Group (NYSE:SJW) by 93.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,747 shares of the utilities provider’s stock after purchasing an additional 18,723 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.12% of SJW Group worth $2,193,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. C M Bidwell & Associates Ltd. bought a new position in shares of SJW Group in the fourth quarter worth about $35,000. Quadrant Capital Group LLC lifted its holdings in shares of SJW Group by 760.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,228 shares of the utilities provider’s stock worth $146,000 after acquiring an additional 1,969 shares during the last quarter. Inceptionr LLC bought a new position in shares of SJW Group in the fourth quarter worth about $220,000. Daiwa Securities Group Inc. lifted its holdings in shares of SJW Group by 15.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,707 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 501 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of SJW Group in the fourth quarter worth about $325,000. Institutional investors own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised SJW Group from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, SJW Group presently has a consensus rating of “Hold” and a consensus target price of $66.00.

Insider Buying and Selling at SJW Group

In other SJW Group news, insider Craig J. Patla sold 1,400 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $55.62, for a total transaction of $77,868.00. Following the completion of the sale, the insider now owns 3,300 shares of the company’s stock, valued at approximately $183,546. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

SJW Group Trading Up 0.5 %

Shares of SJW Group stock traded up $0.28 on Tuesday, hitting $55.08. The stock had a trading volume of 8,845 shares, compared to its average volume of 184,147. The stock has a 50 day moving average of $54.91 and a 200 day moving average of $57.79. SJW Group has a twelve month low of $51.17 and a twelve month high of $73.14. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market capitalization of $1.78 billion, a P/E ratio of 20.63, a PEG ratio of 2.63 and a beta of 0.62.

SJW Group (NYSE:SJW) last released its earnings results on Thursday, April 25th. The utilities provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $149.38 million during the quarter, compared to the consensus estimate of $140.60 million. SJW Group had a net margin of 12.48% and a return on equity of 6.98%. Sell-side analysts expect that SJW Group will post 2.75 earnings per share for the current fiscal year.

SJW Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 6th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Friday, May 3rd. SJW Group’s dividend payout ratio is presently 60.15%.

SJW Group 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.