SJW Group (NYSE:SJW) Shares Acquired by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC increased its stake in shares of SJW Group (NYSE:SJW) by 40.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,370 shares of the utilities provider’s stock after buying an additional 2,976 shares during the period. MetLife Investment Advisors LLC’s holdings in SJW Group were worth $640,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantamental Technologies LLC bought a new stake in SJW Group during the first quarter valued at approximately $46,000. Advisor Group Inc. lifted its position in SJW Group by 41.7% during the fourth quarter. Advisor Group Inc. now owns 952 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 280 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of SJW Group by 23.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,525 shares of the utilities provider’s stock worth $94,000 after acquiring an additional 288 shares during the last quarter. Cutler Group LP lifted its holdings in shares of SJW Group by 18.8% in the 1st quarter. Cutler Group LP now owns 1,897 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 300 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of SJW Group in the 4th quarter worth approximately $207,000. Institutional investors and hedge funds own 68.05% of the company’s stock.

A number of research firms recently commented on SJW. UBS Group reissued a “hold” rating and set a $130.00 price objective on shares of Continental in a research report on Wednesday, May 15th. ValuEngine downgraded shares of W&T Offshore from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Wells Fargo & Co set a $95.00 price objective on shares of Westinghouse Air Brake Technologies and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Zacks Investment Research raised shares of Zurich Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $65.60.

SJW Group stock traded up $1.01 during mid-day trading on Thursday, reaching $65.33. The stock had a trading volume of 102,000 shares, compared to its average volume of 133,618. The firm has a market cap of $1.80 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 6.94 and a beta of 0.05. The company’s 50-day moving average price is $61.99. SJW Group has a one year low of $51.82 and a one year high of $67.95. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.63 and a quick ratio of 5.63.

SJW Group (NYSE:SJW) last posted its earnings results on Wednesday, April 24th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.13. SJW Group had a net margin of 10.83% and a return on equity of 8.37%. The business had revenue of $77.68 million for the quarter, compared to analysts’ expectations of $77.00 million. On average, analysts forecast that SJW Group will post 2.28 EPS for the current year.

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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