Cubist Systematic Strategies LLC Acquires 4,624 Shares of SJW Group (NYSE:SJW)

Cubist Systematic Strategies LLC raised its position in SJW Group (NYSE:SJW – Get Rating) by 43.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,236 shares of the utilities provider’s stock after acquiring an additional 4,624 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.05% of SJW Group worth $878,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new stake in shares of SJW Group during the second quarter worth about $26,000. Point72 Hong Kong Ltd purchased a new position in SJW Group during the 2nd quarter valued at approximately $28,000. Private Trust Co. NA bought a new stake in shares of SJW Group in the 3rd quarter valued at approximately $49,000. Meeder Asset Management Inc. bought a new stake in shares of SJW Group in the 2nd quarter valued at approximately $60,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of SJW Group in the 2nd quarter valued at approximately $81,000. Institutional investors own 72.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. UBS Group assumed coverage on shares of SJW Group in a report on Wednesday, November 30th. They issued a “buy” rating and a $85.00 price target on the stock. Royal Bank of Canada cut shares of SJW Group from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $76.00 to $85.00 in a report on Tuesday, January 17th. Seaport Res Ptn cut shares of SJW Group from a “buy” rating to a “neutral” rating in a report on Thursday, January 5th. JPMorgan Chase & Co. cut shares of SJW Group from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $86.00 to $84.00 in a report on Tuesday, February 7th. Finally, Wells Fargo & Company raised their price target on shares of SJW Group from $72.00 to $78.00 in a report on Wednesday, December 14th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $79.40.

SJW Group Stock Down 1.5 %

NYSE:SJW opened at $74.99 on Friday. SJW Group has a fifty-two week low of $55.74 and a fifty-two week high of $83.88. The stock has a market capitalization of $2.31 billion, a P/E ratio of 31.12 and a beta of 0.57. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.58 and a current ratio of 0.58. The company’s 50-day simple moving average is $78.10 and its 200-day simple moving average is $72.19.

SJW Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Monday, February 6th were given a $0.38 dividend. This is a positive change from SJW Group’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Friday, February 3rd. SJW Group’s dividend payout ratio (DPR) is presently 63.07%.

SJW Group Profile

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SJW Group operates as a holding company, which through its subsidiaries provides water utility services. It operates through the Water Utility Services and Real Estate Services segments. The Water Utility Services segment offers water utility and utility-related services. The Real Estate Services segment engages in property management and investment activity.