Mutual of America Capital Management LLC Sells 344 Shares of SJW Group (NYSE:SJW)

Mutual of America Capital Management LLC decreased its position in shares of SJW Group (NYSE:SJW) by 7.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,478 shares of the utilities provider’s stock after selling 344 shares during the period. Mutual of America Capital Management LLC’s holdings in SJW Group were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. CWM LLC boosted its position in shares of SJW Group by 184.2% in the 2nd 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 purchased a new stake in SJW Group in the second quarter valued at about $30,000. nVerses Capital LLC acquired a new stake in SJW Group in the third quarter worth about $46,000. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of SJW Group by 576.5% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 761 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of SJW Group by 53.8% during the third quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock valued at $73,000 after acquiring an additional 439 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

SJW Group Stock Up 0.3 %

SJW stock opened at $55.28 on Friday. The company has a market capitalization of $1.81 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 3.35 and a beta of 0.63. SJW Group has a 12 month low of $51.17 and a 12 month high of $70.43. The firm’s fifty day simple moving average is $56.84 and its 200-day simple moving average is $56.99. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77.

SJW Group Announces Dividend

The business also recently declared 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. This represents a $1.60 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Monday, November 4th. SJW Group’s dividend payout ratio is currently 57.97%.

Analyst Ratings Changes

Several research firms have weighed in on SJW. Wells Fargo & Company dropped their target price on shares of SJW Group from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. StockNews.com lowered shares of SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Bank of America assumed coverage on SJW Group in a research report on Friday, September 20th. They set a “neutral” rating and a $65.00 price target for the company.

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.