SJW Group (NYSE:SJW) Shares Sold by Clean Yield Group

Clean Yield Group lowered its position in shares of SJW Group (NYSE:SJW) by 23.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 74,708 shares of the utilities provider’s stock after selling 23,491 shares during the quarter. Clean Yield Group owned about 0.23% of SJW Group worth $3,677,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Point72 DIFC Ltd grew its holdings in SJW Group by 81.4% in the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 316 shares during the period. nVerses Capital LLC purchased a new stake in SJW Group in the 3rd quarter worth $46,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in SJW Group by 576.5% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 761 shares in the last quarter. US Bancorp DE raised its position in SJW Group by 53.8% during the third quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 439 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in SJW Group during the third quarter valued at $140,000. 84.29% of the stock is owned by institutional investors and hedge funds.

SJW Group Price Performance

NYSE SJW traded up $0.26 during trading hours on Monday, hitting $45.73. 108,934 shares of the company’s stock traded hands, compared to its average volume of 213,936. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77. The firm’s 50-day moving average is $52.52 and its 200-day moving average is $56.15. SJW Group has a 52-week low of $44.91 and a 52-week high of $65.15. The company has a market capitalization of $1.50 billion, a PE ratio of 16.57, a PEG ratio of 3.26 and a beta of 0.65.

SJW Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Monday, November 4th. SJW Group’s dividend payout ratio (DPR) is currently 57.97%.

Wall Street Analyst Weigh In

SJW has been the subject of several research analyst reports. Wells Fargo & Company reduced their price target on shares of SJW Group from $61.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Bank of America started coverage on SJW Group in a report on Friday, September 20th. They set a “neutral” rating and a $65.00 target price for the company. Finally, StockNews.com cut SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

SJW Group Company 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.