Atria Investments Inc Sells 417 Shares of SJW Group (NYSE:SJW)

Atria Investments Inc reduced its stake in SJW Group (NYSE:SJW) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,487 shares of the utilities provider’s stock after selling 417 shares during the period. Atria Investments Inc’s holdings in SJW Group were worth $270,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SJW. Barclays PLC grew its stake in shares of SJW Group by 376.0% in the 3rd quarter. Barclays PLC now owns 60,140 shares of the utilities provider’s stock valued at $3,495,000 after buying an additional 47,506 shares during the period. Edgestream Partners L.P. grew its stake in SJW Group by 120.1% in the third quarter. Edgestream Partners L.P. now owns 52,072 shares of the utilities provider’s stock valued at $3,026,000 after acquiring an additional 28,417 shares during the period. Duff & Phelps Investment Management Co. bought a new stake in shares of SJW Group during the third quarter valued at approximately $1,593,000. Franklin Resources Inc. raised its position in shares of SJW Group by 162.6% during the third quarter. Franklin Resources Inc. now owns 42,810 shares of the utilities provider’s stock worth $2,504,000 after purchasing an additional 26,505 shares during the period. Finally, FMR LLC raised its position in shares of SJW Group by 37.5% during the third quarter. FMR LLC now owns 92,386 shares of the utilities provider’s stock worth $5,369,000 after purchasing an additional 25,212 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of SJW Group from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Bank of America upgraded shares of SJW Group from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $59.00 to $55.00 in a report on Monday, February 3rd. Finally, StockNews.com upgraded shares of SJW Group from a “sell” rating to a “hold” rating in a report on Friday, February 28th.

SJW Group Price Performance

Shares of NYSE:SJW opened at $53.90 on Tuesday. SJW Group has a fifty-two week low of $44.91 and a fifty-two week high of $62.18. The company’s 50-day moving average is $50.98 and its 200 day moving average is $54.00. The company has a market capitalization of $1.81 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 3.94 and a beta of 0.58. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77.

SJW Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Monday, February 10th. This is a positive change from SJW Group’s previous quarterly dividend of $0.40. SJW Group’s dividend payout ratio (DPR) is currently 58.95%.

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.