Skandinaviska Enskilda Banken AB publ Has $644,000 Holdings in SJW Group (NYSE:SJW)

Skandinaviska Enskilda Banken AB publ lessened its position in shares of SJW Group (NYSE:SJW) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,990 shares of the utilities provider’s stock after selling 499 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in SJW Group were worth $644,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Arizona State Retirement System raised its position in shares of SJW Group by 2.2% in the 4th quarter. Arizona State Retirement System now owns 9,015 shares of the utilities provider’s stock worth $444,000 after acquiring an additional 197 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in SJW Group by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 17,198 shares of the utilities provider’s stock worth $846,000 after purchasing an additional 210 shares in the last quarter. HighTower Advisors LLC lifted its stake in SJW Group by 5.6% in the fourth quarter. HighTower Advisors LLC now owns 4,430 shares of the utilities provider’s stock valued at $218,000 after buying an additional 233 shares during the period. Point72 DIFC Ltd boosted its holdings in shares of SJW Group by 81.4% during the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock worth $41,000 after buying an additional 316 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of SJW Group by 1.9% during the 4th quarter. Vontobel Holding Ltd. now owns 18,930 shares of the utilities provider’s stock worth $932,000 after buying an additional 349 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

SJW Group Price Performance

Shares of SJW opened at $53.90 on Tuesday. The business’s fifty day moving average is $50.98 and its 200 day moving average is $54.00. SJW Group has a 12-month low of $44.91 and a 12-month high of $62.18. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. The stock has a market cap of $1.81 billion, a P/E ratio of 19.53, a P/E/G ratio of 3.94 and a beta of 0.58.

SJW Group Increases Dividend

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

Analyst Upgrades and Downgrades

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

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.