American Century Companies Inc. lifted its holdings in shares of SJW Group (NYSE:SJW) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 138,225 shares of the utilities provider’s stock after purchasing an additional 9,047 shares during the quarter. American Century Companies Inc. owned about 0.50% of SJW Group worth $7,688,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Yaupon Capital Management LP purchased a new position in shares of SJW Group during the 4th quarter worth $4,129,000. Prudential Financial Inc. lifted its stake in SJW Group by 3.8% during the 3rd quarter. Prudential Financial Inc. now owns 54,128 shares of the utilities provider’s stock worth $3,310,000 after acquiring an additional 1,990 shares in the last quarter. Shelter Harbor Advisors LP acquired a new position in SJW Group during the 4th quarter worth about $13,905,000. MetLife Investment Advisors LLC lifted its stake in SJW Group by 58.4% during the 3rd quarter. MetLife Investment Advisors LLC now owns 11,713 shares of the utilities provider’s stock worth $716,000 after acquiring an additional 4,319 shares in the last quarter. Finally, Chatham Capital Group Inc. lifted its stake in SJW Group by 14.2% during the 4th quarter. Chatham Capital Group Inc. now owns 24,674 shares of the utilities provider’s stock worth $1,372,000 after acquiring an additional 3,074 shares in the last quarter. Institutional investors and hedge funds own 66.14% of the company’s stock.

SJW opened at $61.91 on Thursday. SJW Group has a 12-month low of $51.82 and a 12-month high of $68.42. The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.77 billion, a P/E ratio of 24.67, a PEG ratio of 4.47 and a beta of 0.07.

SJW Group (NYSE:SJW) last posted its earnings results on Wednesday, February 20th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. SJW Group had a return on equity of 9.26% and a net margin of 9.75%. The firm had revenue of $98.72 million for the quarter, compared to analyst estimates of $95.00 million. Equities analysts forecast that SJW Group will post 2.33 earnings per share for the current year.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised SJW Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. Wells Fargo & Co assumed coverage on SJW Group in a research note on Monday, January 28th. They set an “outperform” rating and a $70.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. SJW Group currently has an average rating of “Buy” and a consensus price target of $64.50.

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SJW Group 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.

Read More: Cash Flow

Institutional Ownership by Quarter for SJW Group (NYSE:SJW)

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