Vanguard Discloses 10.0% Stake in SJW Group

TL;DR

**Vanguard still owns 10.0% of SJW Group, a slight dip but still a big vote of confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended Schedule 13G/A on February 13, 2024, indicating its ownership of 5,745,504 shares of SJW Group common stock as of December 29, 2023. This represents a 10.0% beneficial ownership stake in the water utility company. This filing is important for investors because it shows that a significant institutional investor maintains a substantial, though slightly reduced, position in SJW Group, signaling continued confidence in the company's long-term prospects.

Why It Matters

This filing confirms Vanguard's continued significant institutional ownership in SJW Group, which can influence investor perception and stock stability.

Risk Assessment

Risk Level: low — The filing indicates a stable, passive institutional ownership, which generally reduces volatility and risk for the stock.

Analyst Insight

Investors should note Vanguard's continued substantial, passive ownership, which suggests long-term institutional confidence in SJW Group, but doesn't signal any immediate catalysts or changes in company direction.

Key Numbers

• 5,745,504 — Shares Beneficially Owned (The total number of SJW Group common shares Vanguard holds, indicating a significant investment.)
• 10.0% — Beneficial Ownership Percentage (The percentage of SJW Group's total common stock owned by Vanguard, showing a substantial stake.)
• 0 — Sole Voting Power (Vanguard holds no sole voting power, indicating a passive investment strategy.)
• 5,745,504 — Shared Voting Power (Vanguard shares voting power over all its owned shares, typical for an investment manager.)
• 5,745,504 — Shared Dispositive Power (Vanguard shares dispositive power over all its owned shares, meaning it can decide to sell them in conjunction with others.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• SJW Group (company) — subject company, water supply utility
• 5,745,504 shares (dollar_amount) — number of shares beneficially owned by Vanguard
• 10.0% (dollar_amount) — percentage of SJW Group common stock beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in SJW Group. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

Filing Documents

• tv01935-sjwgroup.htm (SC 13G/A) — 11KB
• 0001104659-24-021952.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: SJW Group

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 110 West Taylor Street San Jose, CA 95110

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 784305104

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR