Barclays PLC Grows Position in SJW Group (NYSE:SJW)

Barclays PLC boosted its stake in SJW Group (NYSE:SJW) by 376.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,140 shares of the utilities provider’s stock after purchasing an additional 47,506 shares during the quarter. Barclays PLC owned about 0.18% of SJW Group worth $3,495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SJW. Y Intercept Hong Kong Ltd purchased a new position in SJW Group during the 3rd quarter valued at $594,000. XTX Topco Ltd purchased a new stake in shares of SJW Group during the third quarter valued at $464,000. Zimmer Partners LP bought a new position in shares of SJW Group in the third quarter worth about $1,453,000. Point72 DIFC Ltd increased its stake in SJW Group by 81.4% in the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock worth $41,000 after buying an additional 316 shares during the period. Finally, Centiva Capital LP bought a new stake in SJW Group during the 3rd quarter valued at about $503,000. Institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Wells Fargo & Company decreased their price objective on SJW Group from $63.00 to $61.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Finally, Bank of America began coverage on SJW Group in a research report on Friday, September 20th. They set a “neutral” rating and a $65.00 price objective on the stock.

SJW Group Stock Down 2.3 %

Shares of NYSE:SJW opened at $49.07 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 3.26 and a beta of 0.62. The business has a 50-day moving average price of $55.36 and a 200 day moving average price of $56.60. SJW Group has a 12-month low of $48.83 and a 12-month high of $67.09.

SJW Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 3.26%. SJW Group’s dividend payout ratio (DPR) 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.