Victory Capital Management Inc. Lowers Stake in SJW Group (NYSE:SJW)

Victory Capital Management Inc. decreased its position in SJW Group (NYSE:SJW) by 16.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,719 shares of the utilities provider’s stock after selling 37,704 shares during the quarter. Victory Capital Management Inc. owned 0.58% of SJW Group worth $10,341,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in SJW Group by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 311,031 shares of the utilities provider’s stock valued at $20,326,000 after acquiring an additional 14,853 shares during the period. Dimensional Fund Advisors LP increased its stake in SJW Group by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 724,742 shares of the utilities provider’s stock worth $47,363,000 after buying an additional 27,301 shares during the period. Principal Financial Group Inc. lifted its holdings in SJW Group by 1.4% during the 4th quarter. Principal Financial Group Inc. now owns 175,801 shares of the utilities provider’s stock worth $11,489,000 after buying an additional 2,363 shares in the last quarter. Quadrant Capital Group LLC boosted its position in SJW Group by 760.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,228 shares of the utilities provider’s stock valued at $146,000 after buying an additional 1,969 shares during the period. Finally, Norges Bank acquired a new position in shares of SJW Group in the fourth quarter worth $13,659,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

SJW Group Trading Up 2.5 %

NYSE SJW opened at $59.64 on Friday. SJW Group has a 52 week low of $51.17 and a 52 week high of $70.43. The firm has a 50 day moving average of $58.81 and a two-hundred day moving average of $56.40. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $1.95 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.81 and a beta of 0.63.

SJW Group (NYSE:SJW) last announced its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. SJW Group had a return on equity of 7.10% and a net margin of 12.48%. The company had revenue of $176.17 million during the quarter, compared to the consensus estimate of $165.10 million. As a group, research analysts expect that SJW Group will post 2.76 EPS for the current fiscal year.

SJW Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.60 annualized dividend and a dividend yield of 2.68%. SJW Group’s dividend payout ratio is presently 60.15%.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted their target price on SJW Group from $62.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, July 26th.

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.