US Bancorp DE Grows Holdings in SJW Group (NYSE:SJW)

US Bancorp DE lifted its position in shares of SJW Group (NYSE:SJW) by 53.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,255 shares of the utilities provider’s stock after buying an additional 439 shares during the quarter. US Bancorp DE’s holdings in SJW Group were worth $73,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. CWM LLC raised its holdings in SJW Group by 184.2% in the 2nd quarter. CWM LLC now owns 520 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 337 shares during the last quarter. Chris Bulman Inc purchased a new stake in shares of SJW Group in the second quarter valued at $30,000. nVerses Capital LLC acquired a new position in SJW Group in the third quarter valued at $46,000. Point72 Asia Singapore Pte. Ltd. increased its stake in SJW Group by 576.5% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 761 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in SJW Group by 87.0% during the first quarter. SG Americas Securities LLC now owns 3,608 shares of the utilities provider’s stock worth $204,000 after buying an additional 1,679 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

SJW Group Trading Up 1.8 %

NYSE SJW opened at $54.80 on Friday. The stock has a market cap of $1.79 billion, a P/E ratio of 19.86, a PEG ratio of 3.27 and a beta of 0.63. The company’s fifty day simple moving average is $57.54 and its 200-day simple moving average is $57.04. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. SJW Group has a 52 week low of $51.17 and a 52 week high of $70.43.

SJW Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid 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 yield of 2.92%. SJW Group’s dividend payout ratio (DPR) is presently 57.97%.

Analyst Ratings Changes

SJW has been the subject of a number of research analyst reports. Bank of America assumed coverage on shares of SJW Group in a research note on Friday, September 20th. They set a “neutral” rating and a $65.00 price objective for the company. Wells Fargo & Company dropped their price target on shares of SJW Group from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Finally, StockNews.com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

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.