Nuance Investments LLC Has $70 Million Position in SJW Group (NYSE:SJW)

Nuance Investments LLC cut its holdings in shares of SJW Group (NYSE:SJW - Free Report) by 23.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,204,519 shares of the utilities provider's stock after selling 360,909 shares during the quarter. SJW Group comprises 2.4% of Nuance Investments LLC's investment portfolio, making the stock its 16th largest holding. Nuance Investments LLC owned approximately 3.62% of SJW Group worth $69,995,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. CWM LLC raised its stake in shares of SJW Group by 184.2% in the second quarter. CWM LLC now owns 520 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 337 shares in the last quarter. Chris Bulman Inc bought a new position in shares of SJW Group during the 2nd quarter worth about $30,000. nVerses Capital LLC acquired a new stake in shares of SJW Group during the 3rd quarter valued at about $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 acquiring an additional 761 shares during the period. Finally, US Bancorp DE boosted its holdings in SJW Group by 53.8% during the third quarter. US Bancorp DE now owns 1,255 shares of the utilities provider's stock valued at $73,000 after purchasing an additional 439 shares in the last quarter. 84.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently 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 for the company in a report on Tuesday, October 29th. Bank of America started coverage on SJW Group in a research note on Friday, September 20th. They set a "neutral" rating and a $65.00 price objective for the company. Finally, StockNews.com downgraded shares of SJW Group from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th.

SJW Group Price Performance

NYSE:SJW traded down $0.15 during mid-day trading on Wednesday, reaching $55.00. 151,864 shares of the company were exchanged, compared to its average volume of 188,434. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. The stock has a market cap of $1.80 billion, a PE ratio of 19.93, a PEG ratio of 3.29 and a beta of 0.63. SJW Group has a 12 month low of $51.17 and a 12 month high of $70.43. The company has a fifty day moving average of $57.29 and a 200 day moving average of $57.03.

SJW Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.91%. The ex-dividend date is Monday, November 4th. SJW Group's dividend payout ratio is 57.97%.

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.