Assenagon Asset Management S.A. Sells 59,101 Shares of SJW Group (NYSE:SJW)

Assenagon Asset Management S.A. lowered its stake in SJW Group (NYSE:SJW) by 27.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,198 shares of the utilities provider’s stock after selling 59,101 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.47% of SJW Group worth $7,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Point72 DIFC Ltd raised its position in shares of SJW Group by 81.4% in the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock worth $41,000 after buying an additional 316 shares in the last quarter. US Bancorp DE raised its stake in 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 purchasing an additional 439 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of SJW Group by 9.1% during the 3rd quarter. Van ECK Associates Corp now owns 9,043 shares of the utilities provider’s stock worth $530,000 after acquiring an additional 755 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of SJW Group by 576.5% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 761 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of SJW Group during the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

SJW Group Trading Up 0.1 %

NYSE SJW opened at $48.03 on Monday. The firm has a market cap of $1.57 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 3.33 and a beta of 0.65. SJW Group has a 1-year low of $44.91 and a 1-year high of $63.34. The stock has a 50-day moving average of $51.64 and a 200-day moving average of $55.90. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25.

SJW Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.33%. The ex-dividend date was Monday, November 4th. SJW Group’s dividend payout ratio (DPR) is currently 57.97%.

Analyst Ratings Changes

SJW has been the subject of a number of recent research reports. Wells Fargo & Company dropped their target price on SJW Group from $61.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. StockNews.com cut shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

About SJW Group

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.