Louisiana State Employees Retirement System Decreases Position in SJW Group (NYSE:SJW)

Louisiana State Employees Retirement System decreased its position in SJW Group (NYSE:SJW) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,400 shares of the utilities provider’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in SJW Group were worth $837,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Arizona State Retirement System grew its stake in shares of SJW Group by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 8,526 shares of the utilities provider’s stock worth $462,000 after acquiring an additional 189 shares during the period. Chatham Capital Group Inc. lifted its stake in shares of SJW Group by 1.2% during the 2nd quarter. Chatham Capital Group Inc. now owns 26,552 shares of the utilities provider’s stock valued at $1,440,000 after buying an additional 320 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of SJW Group by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 25,432 shares of the utilities provider’s stock valued at $1,439,000 after buying an additional 329 shares in the last quarter. CWM LLC boosted its holdings in SJW Group by 184.2% in the 2nd quarter. CWM LLC now owns 520 shares of the utilities provider’s stock worth $28,000 after buying an additional 337 shares during the period. Finally, Swiss National Bank grew its stake in SJW Group by 0.7% in the 1st quarter. Swiss National Bank now owns 59,900 shares of the utilities provider’s stock valued at $3,390,000 after buying an additional 400 shares in the last quarter. 84.29% of the stock is owned by institutional investors.

SJW Group Trading Up 0.0 %

SJW Group stock opened at $54.50 on Tuesday. The stock has a market cap of $1.81 billion, a P/E ratio of 19.75, a PEG ratio of 3.37 and a beta of 0.63. SJW Group has a fifty-two week low of $51.17 and a fifty-two week high of $70.43. The firm’s fifty day moving average price is $58.25 and its 200-day moving average price is $56.99. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.49 and a current ratio of 0.77.

SJW Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.94%. SJW Group’s dividend payout ratio (DPR) is presently 57.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on SJW Group from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. StockNews.com downgraded SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Bank of America started coverage on SJW Group in a research report on Friday, September 20th. They set a “neutral” rating and a $65.00 price target on the stock.

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.