Clear Harbor Asset Management LLC Sells 650 Shares of SJW Group (NYSE:SJW)

Clear Harbor Asset Management LLC decreased its position in shares of SJW Group (NYSE:SJW) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,111 shares of the utilities provider’s stock after selling 650 shares during the quarter. Clear Harbor Asset Management LLC owned approximately 0.09% of SJW Group worth $1,433,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of SJW Group by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider’s stock worth $42,006,000 after acquiring an additional 13,614 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of SJW Group by 5.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider’s stock worth $21,499,000 after acquiring an additional 20,646 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in SJW Group by 29.4% in the third quarter. Assenagon Asset Management S.A. now owns 212,299 shares of the utilities provider’s stock worth $12,337,000 after purchasing an additional 48,200 shares during the last quarter. Millennium Management LLC increased its position in shares of SJW Group by 2,491.2% during the second quarter. Millennium Management LLC now owns 113,781 shares of the utilities provider’s stock worth $6,169,000 after purchasing an additional 109,390 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of SJW Group by 37.5% during the 3rd quarter. FMR LLC now owns 92,386 shares of the utilities provider’s stock valued at $5,369,000 after purchasing an additional 25,212 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SJW. Wells Fargo & Company cut their price objective on shares of SJW Group from $61.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. StockNews.com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

SJW Group Stock Performance

SJW opened at $48.03 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. The firm has a 50 day moving average of $51.48 and a two-hundred day moving average of $55.86. SJW Group has a 12-month low of $44.91 and a 12-month high of $63.34. The firm has a market capitalization of $1.57 billion, a PE ratio of 17.22, a P/E/G ratio of 3.52 and a beta of 0.65.

SJW Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.33%. The ex-dividend date was Monday, November 4th. SJW Group’s dividend payout ratio is currently 57.97%.

About SJW Group

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.