Jane Street Group LLC Reduces Holdings in SJW Group (NYSE:SJW)

Jane Street Group LLC reduced its position in SJW Group (NYSE:SJW) by 8.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,174 shares of the utilities provider’s stock after selling 2,410 shares during the period. Jane Street Group LLC owned approximately 0.08% of SJW Group worth $1,579,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SJW. Chris Bulman Inc acquired a new position in SJW Group during the 2nd quarter worth $30,000. Point72 DIFC Ltd raised its stake in shares of SJW Group by 81.4% in 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 in the last quarter. nVerses Capital LLC bought a new position in shares of SJW Group during the third quarter worth about $46,000. Point72 Asia Singapore Pte. Ltd. grew its stake in SJW Group by 576.5% in the second 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, US Bancorp DE increased its holdings 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 buying an additional 439 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wells Fargo & Company reduced their target price on SJW Group from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Bank of America assumed coverage on SJW Group in a research note on Friday, September 20th. They set a “neutral” rating and a $65.00 price objective on the stock. Finally, StockNews.com lowered shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

SJW Group Trading Up 0.8 %

SJW Group stock opened at $49.96 on Friday. SJW Group has a 12-month low of $48.83 and a 12-month high of $66.71. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $1.63 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 3.26 and a beta of 0.62. The firm has a 50 day simple moving average of $54.57 and a 200-day simple moving average of $56.45.

SJW Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were given a dividend of $0.40 per share. The ex-dividend date was Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 3.20%. SJW Group’s dividend payout ratio (DPR) is 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.