Amundi Reduces Holdings in SJW Group (NYSE:SJW)

Amundi lessened its stake in SJW Group (NYSE:SJW - Free Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,310,658 shares of the utilities provider's stock after selling 57,386 shares during the quarter. Amundi owned 4.01% of SJW Group worth $63,703,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Duff & Phelps Investment Management Co. purchased a new position in SJW Group during the 3rd quarter valued at about $1,593,000. Geode Capital Management LLC increased its holdings in SJW Group by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider's stock valued at $42,006,000 after acquiring an additional 13,614 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in SJW Group by 5.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider's stock valued at $21,499,000 after acquiring an additional 20,646 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in SJW Group by 11.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 38,063 shares of the utilities provider's stock valued at $1,873,000 after acquiring an additional 3,952 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in SJW Group by 195.7% during the 4th quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider's stock valued at $1,571,000 after acquiring an additional 21,123 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

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SJW Group Trading Up 1.1 %

Shares of SJW traded up $0.57 during mid-day trading on Friday, hitting $54.09. The company had a trading volume of 175,346 shares, compared to its average volume of 202,560. The business's 50-day simple moving average is $50.84 and its 200-day simple moving average is $54.10. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. SJW Group has a 1-year low of $44.91 and a 1-year high of $62.18. The stock has a market cap of $1.82 billion, a PE ratio of 19.60, a P/E/G ratio of 3.94 and a beta of 0.58.

SJW Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a $0.42 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from SJW Group's previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 3.11%. SJW Group's dividend payout ratio (DPR) is currently 58.95%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SJW shares. Wells Fargo & Company raised their price target on shares of SJW Group from $53.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Bank of America raised shares of SJW Group from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $59.00 to $55.00 in a research note on Monday, February 3rd. Finally, StockNews.com raised shares of SJW Group from a "sell" rating to a "hold" rating in a research note on Friday, February 28th.

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.