Point72 Asia Singapore Pte. Ltd. Has $48,000 Stake in SJW Group (NYSE:SJW)

Point72 Asia Singapore Pte. Ltd. lifted its stake in SJW Group (NYSE:SJW) by 576.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 893 shares of the utilities provider’s stock after acquiring an additional 761 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in SJW Group were worth $48,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SJW. CWM LLC increased its position in shares of SJW Group by 184.2% in the second quarter. CWM LLC now owns 520 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 337 shares during the last quarter. Chris Bulman Inc acquired a new position in SJW Group during the second quarter worth approximately $30,000. C M Bidwell & Associates Ltd. acquired a new position in SJW Group during the fourth quarter worth approximately $35,000. SG Americas Securities LLC raised its stake in SJW Group by 87.0% in the first quarter. SG Americas Securities LLC now owns 3,608 shares of the utilities provider’s stock valued at $204,000 after buying an additional 1,679 shares during the period. Finally, Cetera Advisors LLC bought a new stake in SJW Group in the 1st quarter valued at $247,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SJW has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of SJW Group from $62.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Bank of America started coverage on shares of SJW Group in a report on Friday, September 20th. They set a “neutral” rating and a $65.00 target price for the company.

SJW Group Stock Performance

NYSE:SJW opened at $58.19 on Friday. The stock has a 50 day simple moving average of $58.90 and a 200 day simple moving average of $56.59. The stock has a market cap of $1.90 billion, a P/E ratio of 21.88, a PEG ratio of 3.50 and a beta of 0.62. SJW Group has a 1-year low of $51.17 and a 1-year high of $70.43. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.22.

SJW Group (NYSE:SJW) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. SJW Group had a net margin of 12.48% and a return on equity of 7.10%. The company had revenue of $176.17 million during the quarter, compared to analysts’ expectations of $165.10 million. Research analysts anticipate that SJW Group will post 2.75 earnings per share for the current year.

SJW Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.75%. SJW Group’s payout ratio is presently 60.15%.

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.