JPMorgan Chase & Co. Has $3.86 Million Stake in SJW Group (NYSE:SJW)

JPMorgan Chase & Co. lowered its position in SJW Group (NYSE:SJW) by 17.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,427 shares of the utilities provider’s stock after selling 13,774 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.20% of SJW Group worth $3,860,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Millennium Management LLC raised its stake in SJW Group by 2,491.2% in the 2nd quarter. Millennium Management LLC now owns 113,781 shares of the utilities provider’s stock valued at $6,169,000 after acquiring an additional 109,390 shares during the period. Assenagon Asset Management S.A. raised its position in shares of SJW Group by 29.4% in the third quarter. Assenagon Asset Management S.A. now owns 212,299 shares of the utilities provider’s stock valued at $12,337,000 after purchasing an additional 48,200 shares during the period. Barclays PLC lifted its stake in shares of SJW Group by 376.0% during the 3rd quarter. Barclays PLC now owns 60,140 shares of the utilities provider’s stock worth $3,495,000 after buying an additional 47,506 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of SJW Group by 445.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 45,946 shares of the utilities provider’s stock worth $2,491,000 after buying an additional 37,521 shares during the period. Finally, Edgestream Partners L.P. grew its stake in SJW Group by 120.1% in the 3rd quarter. Edgestream Partners L.P. now owns 52,072 shares of the utilities provider’s stock valued at $3,026,000 after buying an additional 28,417 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

SJW Group Trading Up 0.1 %

Shares of NYSE:SJW opened at $48.03 on Friday. The company has a market capitalization of $1.57 billion, a P/E ratio of 17.40, a P/E/G ratio of 3.33 and a beta of 0.65. 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 business’s 50 day simple moving average is $51.64 and its 200 day simple moving average is $55.88. SJW Group has a 1 year low of $44.91 and a 1 year high of $63.34.

SJW Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 3.33%. SJW Group’s dividend payout ratio is 57.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SJW shares. StockNews.com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Wells Fargo & Company decreased their price objective on SJW Group from $61.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th.

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.