Vontobel Holding Ltd. Has $1.08 Million Stake in SJW Group (NYSE:SJW)

Vontobel Holding Ltd. trimmed its position in shares of SJW Group (NYSE:SJW) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,581 shares of the utilities provider’s stock after selling 589 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.06% of SJW Group worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SJW. Vanguard Group Inc. increased its position in shares of SJW Group by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 2,465,745 shares of the utilities provider’s stock valued at $161,136,000 after purchasing an additional 78,289 shares during the period. Nuance Investments LLC lifted its stake in shares of SJW Group by 17.5% during the second quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider’s stock valued at $84,877,000 after acquiring an additional 233,601 shares during the period. Bank of New York Mellon Corp increased its holdings in SJW Group by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 339,990 shares of the utilities provider’s stock valued at $18,434,000 after purchasing an additional 4,357 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in SJW Group by 26.7% in the second quarter. Assenagon Asset Management S.A. now owns 164,099 shares of the utilities provider’s stock valued at $8,897,000 after purchasing an additional 34,607 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in SJW Group by 16.2% in the first quarter. ProShare Advisors LLC now owns 142,844 shares of the utilities provider’s stock valued at $8,084,000 after purchasing an additional 19,925 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

SJW Group Stock Up 0.0 %

NYSE:SJW opened at $59.57 on Monday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market cap of $1.92 billion, a PE ratio of 22.39, a PEG ratio of 3.55 and a beta of 0.62. SJW Group has a 52-week low of $51.17 and a 52-week high of $70.43. The stock has a 50-day simple moving average of $58.61 and a 200 day simple moving average of $56.74.

SJW Group (NYSE:SJW) last posted its quarterly earnings data 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. The business had revenue of $176.17 million during the quarter, compared to the consensus estimate of $165.10 million. SJW Group had a return on equity of 7.10% and a net margin of 12.48%. On average, sell-side analysts expect that SJW Group will post 2.75 EPS for the current fiscal year.

SJW Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors 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 yield of 2.69%. SJW Group’s dividend payout ratio (DPR) is presently 60.15%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on SJW Group from $62.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Bank of America assumed coverage on SJW Group in a report on Friday, September 20th. They issued a “neutral” rating and a $65.00 price target for the company.

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.