KBC Group NV Sells 64,177 Shares of SJW Group (NYSE:SJW)

KBC Group NV lessened its holdings in shares of SJW Group (NYSE:SJW - Free Report) by 13.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 410,130 shares of the utilities provider's stock after selling 64,177 shares during the period. KBC Group NV owned 1.25% of SJW Group worth $20,187,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SJW. Point72 DIFC Ltd grew its stake in shares of SJW Group by 81.4% during the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider's stock worth $41,000 after purchasing an additional 316 shares during the period. nVerses Capital LLC bought a new position in SJW Group during the third quarter worth about $46,000. Point72 Asia Singapore Pte. Ltd. grew its position in shares of SJW Group by 576.5% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider's stock worth $48,000 after buying an additional 761 shares during the period. US Bancorp DE increased its stake in shares of SJW Group by 53.8% in the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider's stock valued at $73,000 after acquiring an additional 439 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of SJW Group in the 3rd quarter valued at approximately $140,000. Institutional investors own 84.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SJW shares. StockNews.com cut shares of SJW Group from a "hold" rating to a "sell" rating in a report on Tuesday, October 29th. Wells Fargo & Company decreased their price target on shares of SJW Group from $61.00 to $53.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th.

SJW Group Stock Up 1.2 %

Shares of NYSE:SJW traded up $0.61 during trading on Friday, hitting $50.23. 798,567 shares of the company's stock traded hands, compared to its average volume of 244,837. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average price of $50.32 and a 200-day moving average price of $55.38. SJW Group has a 52 week low of $44.91 and a 52 week high of $62.18. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 3.64 and a beta of 0.65.

SJW Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a $0.42 dividend. This is a boost from SJW Group's previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 3.34%. The ex-dividend date is Monday, February 10th. SJW Group's payout ratio is currently 60.87%.

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.