US Bancorp DE Sells 430 Shares of SJW Group (NYSE:SJW)

US Bancorp DE reduced its stake in SJW Group (NYSE:SJW) by 34.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 825 shares of the utilities provider’s stock after selling 430 shares during the period. US Bancorp DE’s holdings in SJW Group were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in SJW. Geode Capital Management LLC increased its holdings in shares of SJW Group by 1.9% during the third quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider’s stock worth $42,006,000 after buying an additional 13,614 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of SJW Group by 5.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider’s stock worth $21,499,000 after buying an additional 20,646 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in SJW Group by 6.2% in the fourth quarter. Bank of New York Mellon Corp now owns 327,589 shares of the utilities provider’s stock valued at $16,124,000 after purchasing an additional 19,136 shares during the period. Principal Financial Group Inc. increased its holdings in SJW Group by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 146,914 shares of the utilities provider’s stock valued at $7,231,000 after purchasing an additional 6,362 shares during the period. Finally, FMR LLC increased its holdings in SJW Group by 37.5% in the third quarter. FMR LLC now owns 92,386 shares of the utilities provider’s stock valued at $5,369,000 after purchasing an additional 25,212 shares during the period. 84.29% of the stock is currently owned by institutional investors.

SJW Group Price Performance

Shares of NYSE SJW opened at $53.46 on Wednesday. SJW Group has a fifty-two week low of $44.91 and a fifty-two week high of $62.18. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 19.37, a PEG 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. The firm’s 50-day simple moving average is $51.11 and its 200 day simple moving average is $53.97.

SJW Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were paid a $0.42 dividend. This is a positive change from SJW Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.68 annualized dividend and a yield of 3.14%. SJW Group’s dividend payout ratio (DPR) is 58.95%.

Wall Street Analyst Weigh In

SJW has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on SJW Group from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Bank of America upgraded SJW Group from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $59.00 to $55.00 in a report on Monday, February 3rd. Finally, StockNews.com upgraded SJW Group from a “sell” rating to a “hold” rating in a report on Friday, February 28th.

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.