Atria Investments Inc Grows Stock Holdings in SJW Group (NYSE:SJW)

Atria Investments Inc increased its position in shares of SJW Group (NYSE:SJW) by 16.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,904 shares of the utilities provider’s stock after buying an additional 850 shares during the period. Atria Investments Inc’s holdings in SJW Group were worth $343,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its position in SJW Group by 184.2% during the second quarter. CWM LLC now owns 520 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 337 shares during the period. Chris Bulman Inc acquired a new stake in shares of SJW Group in the second quarter valued at about $30,000. nVerses Capital LLC acquired a new stake in shares of SJW Group in the third quarter valued at about $46,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of 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 buying an additional 761 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of SJW Group by 53.8% in the third quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock valued at $73,000 after buying an additional 439 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SJW has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of SJW Group from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. StockNews.com lowered shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Bank of America started coverage on shares of SJW Group in a research note on Friday, September 20th. They set a “neutral” rating and a $65.00 target price for the company.

SJW Group Stock Up 0.6 %

Shares of NYSE:SJW opened at $55.35 on Friday. The firm’s 50 day moving average price is $57.23 and its 200 day moving average price is $57.02. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 3.31 and a beta of 0.63. SJW Group has a fifty-two week low of $51.17 and a fifty-two week high of $70.43. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25.

SJW Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 2.89%. SJW Group’s payout ratio is currently 57.97%.

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.