Private Advisor Group LLC Sells 6,201 Shares of SJW Group (NYSE:SJW)

Private Advisor Group LLC cut its holdings in shares of SJW Group (NYSE:SJW - Free Report) by 22.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,895 shares of the utilities provider's stock after selling 6,201 shares during the period. Private Advisor Group LLC owned approximately 0.06% of SJW Group worth $1,028,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SJW. Point72 DIFC Ltd raised its holdings in shares of SJW Group by 81.4% in the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 316 shares during the last quarter. US Bancorp DE boosted 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 worth $73,000 after buying an additional 439 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of SJW Group in the third quarter valued at approximately $140,000. First Trust Direct Indexing L.P. purchased a new stake in shares of SJW Group during the third quarter valued at approximately $215,000. Finally, Aigen Investment Management LP bought a new stake in SJW Group during the third quarter worth $225,000. Institutional investors and hedge funds own 84.29% of the company's stock.

SJW Group Stock Performance

NYSE:SJW traded up $0.34 on Tuesday, reaching $54.69. 102,726 shares of the company's stock were exchanged, compared to its average volume of 285,060. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 3.94 and a beta of 0.65. The stock has a fifty day simple moving average of $49.92 and a 200-day simple moving average of $54.31. SJW Group has a 52 week low of $44.91 and a 52 week high of $62.18. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77.

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SJW Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from SJW Group's previous quarterly dividend of $0.40. SJW Group's dividend payout ratio is 58.95%.

Analyst Upgrades and Downgrades

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

SJW Group 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.