Assenagon Asset Management S.A. Has $7.54 Million Position in SJW Group (NYSE:SJW)

Assenagon Asset Management S.A. lessened its stake in SJW Group (NYSE:SJW - Free Report) by 27.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 153,198 shares of the utilities provider's stock after selling 59,101 shares during the period. Assenagon Asset Management S.A. owned 0.47% of SJW Group worth $7,540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ensign Peak Advisors Inc boosted its holdings in shares of SJW Group by 16.9% in the second quarter. Ensign Peak Advisors Inc now owns 18,358 shares of the utilities provider's stock valued at $995,000 after acquiring an additional 2,650 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in SJW Group by 8.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 64,492 shares of the utilities provider's stock valued at $3,497,000 after purchasing an additional 4,925 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of SJW Group by 445.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 45,946 shares of the utilities provider's stock valued at $2,491,000 after purchasing an additional 37,521 shares during the period. Squarepoint Ops LLC raised its stake in shares of SJW Group by 38.8% in the 2nd quarter. Squarepoint Ops LLC now owns 20,481 shares of the utilities provider's stock worth $1,110,000 after buying an additional 5,726 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in SJW Group by 576.5% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider's stock worth $48,000 after acquiring an additional 761 shares during the period. Institutional investors own 84.29% of the company's stock.

SJW Group Trading Up 0.1 %

NYSE SJW traded up $0.05 on Monday, hitting $48.03. 271,480 shares of the company were exchanged, compared to its average volume of 239,691. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77. SJW Group has a twelve month low of $44.91 and a twelve month high of $63.34. The firm has a market capitalization of $1.57 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 3.33 and a beta of 0.65. The company's 50 day moving average price is $51.64 and its 200-day moving average price is $55.90.

SJW Group Announces Dividend

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

Analysts Set New Price Targets

SJW has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of SJW Group from $61.00 to $53.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. StockNews.com cut SJW Group from a "hold" rating to a "sell" rating in a report 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.