Stifel Financial Corp Sells 1,548 Shares of SJW Group (NYSE:SJW)

Stifel Financial Corp reduced its stake in SJW Group (NYSE:SJW) by 13.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,047 shares of the utilities provider’s stock after selling 1,548 shares during the quarter. Stifel Financial Corp’s holdings in SJW Group were worth $584,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Arizona State Retirement System raised its stake in shares of SJW Group by 2.3% in the second quarter. Arizona State Retirement System now owns 8,526 shares of the utilities provider’s stock worth $462,000 after buying an additional 189 shares during the period. Point72 DIFC Ltd increased its holdings 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 acquiring an additional 316 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in SJW Group by 2.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the utilities provider’s stock worth $802,000 after acquiring an additional 400 shares during the period. US Bancorp DE lifted its holdings in 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 purchasing an additional 439 shares in the last quarter. Finally, Chris Bulman Inc bought a new position in shares of SJW Group in the second quarter worth approximately $30,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SJW. Wells Fargo & Company decreased their price objective 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. Bank of America assumed coverage on SJW Group in a report on Friday, September 20th. They set a “neutral” rating and a $65.00 price target on the stock. Finally, StockNews.com lowered SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

SJW Group Stock Performance

Shares of NYSE:SJW opened at $49.96 on Friday. The firm has a fifty day simple moving average of $54.57 and a two-hundred day simple moving average of $56.45. SJW Group has a 52 week low of $48.83 and a 52 week high of $66.71. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $1.63 billion, a P/E ratio of 18.10, a PEG ratio of 3.26 and a beta of 0.62.

SJW Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, November 4th. This represents a $1.60 annualized dividend and a yield of 3.20%. 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.