Clear Harbor Asset Management LLC Lowers Position in SJW Group (NYSE:SJW)

Clear Harbor Asset Management LLC trimmed its position in shares of SJW Group (NYSE:SJW) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,111 shares of the utilities provider’s stock after selling 650 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in SJW Group were worth $1,433,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Point72 DIFC Ltd raised its position in shares of SJW Group by 81.4% in the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after buying an additional 316 shares during the last quarter. US Bancorp DE raised its holdings in SJW Group by 53.8% in the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock valued at $73,000 after acquiring an additional 439 shares during the last quarter. Van ECK Associates Corp lifted its stake in SJW Group by 9.1% in the 3rd quarter. Van ECK Associates Corp now owns 9,043 shares of the utilities provider’s stock worth $530,000 after purchasing an additional 755 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of SJW Group by 576.5% during the 2nd 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 during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of SJW Group in the third quarter valued at approximately $46,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com downgraded SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Wells Fargo & Company reduced their price target 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 Price Performance

SJW stock opened at $48.03 on Tuesday. SJW Group has a 52-week low of $44.91 and a 52-week high of $63.34. 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 $1.57 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 3.52 and a beta of 0.65. The business has a fifty day moving average of $51.48 and a two-hundred day moving average of $55.86.

SJW Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Monday, November 4th. SJW Group’s dividend payout ratio (DPR) is 57.97%.

SJW Group 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.