Rhumbline Advisers Has $5.28 Million Position in SJW Group (NYSE:SJW)

Rhumbline Advisers decreased its stake in shares of SJW Group (NYSE:SJW) by 4.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 107,199 shares of the utilities provider’s stock after selling 5,115 shares during the quarter. Rhumbline Advisers owned 0.33% of SJW Group worth $5,276,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Point72 DIFC Ltd lifted its position in SJW Group by 81.4% during the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 316 shares during the period. US Bancorp DE boosted its position in shares of SJW Group by 53.8% in the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 439 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of SJW Group during the third quarter worth $140,000. First Trust Direct Indexing L.P. acquired a new position in SJW Group in the third quarter valued at about $215,000. Finally, Aigen Investment Management LP acquired a new position in shares of SJW Group during the 3rd quarter worth about $225,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

SJW Group Stock Down 1.9 %

Shares of SJW opened at $52.30 on Friday. The firm has a 50 day simple moving average of $49.76 and a two-hundred day simple moving average of $54.44. 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 has a one year low of $44.91 and a one year high of $62.18. The company has a market cap of $1.71 billion, a P/E ratio of 18.95, a P/E/G ratio of 3.94 and a beta of 0.65.

SJW Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.21%. This is an increase from SJW Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, February 10th. SJW Group’s dividend payout ratio is presently 60.87%.

Analyst Ratings Changes

SJW has been the subject of several recent analyst reports. Bank of America upgraded SJW Group from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $59.00 to $55.00 in a report on Monday, February 3rd. Wells Fargo & Company cut their price target on shares of SJW Group from $61.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th.

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.