Clean Yield Group Trims Stake in SJW Group (NYSE:SJW)

Clean Yield Group cut its stake in shares of SJW Group (NYSE:SJW) by 23.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 74,708 shares of the utilities provider’s stock after selling 23,491 shares during the period. Clean Yield Group’s holdings in SJW Group were worth $3,677,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Duff & Phelps Investment Management Co. purchased a new stake in SJW Group during the third quarter worth about $1,593,000. Geode Capital Management LLC increased its stake in SJW Group by 1.9% during the 3rd 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings in SJW Group by 5.9% during the 3rd 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. Dynamic Technology Lab Private Ltd acquired a new stake in SJW Group during the 3rd quarter worth approximately $620,000. Finally, Barclays PLC boosted its position in 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. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SJW has been the topic of several analyst reports. Wells Fargo & Company reduced their price objective on 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. StockNews.com cut shares of SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Bank of America initiated coverage on shares of SJW Group in a research report on Friday, September 20th. They set a “neutral” rating and a $65.00 price objective for the company.

SJW Group Stock Performance

Shares of SJW traded up $0.26 during mid-day trading on Monday, reaching $45.73. 108,934 shares of the company’s stock were exchanged, compared to its average volume of 213,936. The business’s fifty day simple moving average is $52.52 and its 200-day simple moving average is $56.15. The stock has a market capitalization of $1.50 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 3.26 and a beta of 0.65. SJW Group has a 52-week low of $44.91 and a 52-week high of $65.15. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.50%. SJW Group’s payout ratio 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.