Campbell & CO Investment Adviser LLC Takes Position in SJW Group (NYSE:SJW)

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Campbell & CO Investment Adviser LLC bought a new stake in SJW Group (NYSE:SJW) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 3,357 shares of the utilities provider’s stock, valued at approximately $207,000.

Several other large investors have also made changes to their positions in the company. Quantamental Technologies LLC acquired a new stake in shares of SJW Group in the first quarter valued at about $46,000. Advisor Group Inc. increased its stake in shares of SJW Group by 41.7% in the fourth quarter. Advisor Group Inc. now owns 952 shares of the utilities provider’s stock valued at $52,000 after buying an additional 280 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of SJW Group by 55.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,237 shares of the utilities provider’s stock valued at $69,000 after buying an additional 443 shares during the period. Cutler Group LP increased its stake in shares of SJW Group by 1,435.6% in the fourth quarter. Cutler Group LP now owns 1,597 shares of the utilities provider’s stock valued at $88,000 after buying an additional 1,493 shares during the period. Finally, ClariVest Asset Management LLC bought a new stake in shares of SJW Group during the 4th quarter valued at about $91,000. Institutional investors own 68.06% of the company’s stock.

Several equities research analysts recently commented on the company. Zacks Investment Research lowered SJW Group from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Wells Fargo & Co set a $72.00 price target on SJW Group and gave the stock a “buy” rating in a report on Friday, April 26th. ValuEngine lowered SJW Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Finally, UBS Group assumed coverage on SJW Group in a report on Wednesday, May 15th. They issued a “neutral” rating and a $64.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $65.60.

Shares of NYSE:SJW opened at $61.37 on Wednesday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 4.38 and a beta of 0.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.63 and a current ratio of 5.63. SJW Group has a 52-week low of $51.82 and a 52-week high of $68.42.

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

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $1.20 annualized dividend and a yield of 1.96%. SJW Group’s payout ratio is currently 47.81%.

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SJW Group Company Profile

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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