Rhumbline Advisers Sells 5,115 Shares of SJW Group (NYSE:SJW)

Rhumbline Advisers reduced its position in shares of SJW Group (NYSE:SJW - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,199 shares of the utilities provider's stock after selling 5,115 shares during the period. Rhumbline Advisers owned about 0.33% of SJW Group worth $5,276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SJW. Vontobel Holding Ltd. increased its stake in SJW Group by 1.9% during the fourth quarter. Vontobel Holding Ltd. now owns 18,930 shares of the utilities provider's stock valued at $932,000 after purchasing an additional 349 shares during the last quarter. Van ECK Associates Corp grew its position in shares of SJW Group by 9.2% during the 4th quarter. Van ECK Associates Corp now owns 9,878 shares of the utilities provider's stock valued at $486,000 after buying an additional 835 shares during the last quarter. First National Corp MA ADV acquired a new stake in SJW Group during the fourth quarter worth about $931,000. Canvas Wealth Advisors LLC lifted its holdings in SJW Group by 8.4% in the fourth quarter. Canvas Wealth Advisors LLC now owns 7,038 shares of the utilities provider's stock worth $346,000 after acquiring an additional 546 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in SJW Group by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 17,198 shares of the utilities provider's stock valued at $846,000 after acquiring an additional 210 shares during the period. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

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

SJW Group Price Performance

SJW Group stock traded up $1.64 during mid-day trading on Monday, hitting $54.31. The company's stock had a trading volume of 181,916 shares, compared to its average volume of 286,829. SJW Group has a twelve month low of $44.91 and a twelve month high of $62.18. The stock's fifty day moving average price is $49.81 and its two-hundred day moving average price is $54.34. The stock has a market capitalization of $1.78 billion, a P/E ratio of 19.70, a P/E/G ratio of 3.94 and a beta of 0.65. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a $0.42 dividend. This is a positive change from SJW Group's previous quarterly dividend of $0.40. The ex-dividend date is Monday, February 10th. This represents a $1.68 dividend on an annualized basis and a yield of 3.09%. SJW Group's dividend payout ratio (DPR) is currently 58.95%.

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.