SJW Group (NYSE:SJW) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC trimmed its position in SJW Group (NYSE:SJW) by 10.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,096 shares of the utilities provider’s stock after selling 3,244 shares during the period. Private Advisor Group LLC owned 0.08% of SJW Group worth $1,575,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. CWM LLC grew its stake in SJW Group by 184.2% in the second quarter. CWM LLC now owns 520 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 337 shares in the last quarter. Chris Bulman Inc acquired a new position in SJW Group in the second quarter worth about $30,000. nVerses Capital LLC acquired a new position in SJW Group in the third quarter valued at approximately $46,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in SJW Group by 576.5% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 761 shares during the period. Finally, SG Americas Securities LLC boosted 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 acquiring an additional 1,679 shares during the period. 84.29% of the stock is currently owned by institutional investors and hedge funds.

SJW Group Stock Performance

Shares of NYSE SJW opened at $55.47 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.22. The stock has a 50 day simple moving average of $58.36 and a 200-day simple moving average of $56.91. The company has a market cap of $1.81 billion, a PE ratio of 20.39, a P/E/G ratio of 3.42 and a beta of 0.62. SJW Group has a 12-month low of $51.17 and a 12-month high of $70.43.

SJW Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 2.88%. SJW Group’s dividend payout ratio is presently 58.82%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Bank of America assumed coverage on SJW Group in a research note on Friday, September 20th. They issued a “neutral” rating and a $65.00 target price for the company. Wells Fargo & Company decreased their target price on SJW Group from $63.00 to $61.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, StockNews.com downgraded SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday.

SJW Group 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.