State Street Corp Sells 38,702 Shares of SJW Group (NYSE:SJW)

State Street Corp lessened its stake in SJW Group (NYSE:SJW - Free Report) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,610,337 shares of the utilities provider's stock after selling 38,702 shares during the quarter. State Street Corp owned approximately 4.92% of SJW Group worth $93,577,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. CWM LLC lifted its stake in SJW Group by 184.2% during the 2nd quarter. CWM LLC now owns 520 shares of the utilities provider's stock valued at $28,000 after acquiring 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 approximately $30,000. Point72 DIFC Ltd boosted its stake in shares of SJW Group by 81.4% in the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider's stock worth $41,000 after buying an additional 316 shares during the last quarter. nVerses Capital LLC bought a new position in SJW Group in the 3rd quarter valued at $46,000. Finally, Point72 Asia Singapore Pte. Ltd. increased 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 buying an additional 761 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Bank of America initiated coverage on shares of SJW Group in a research report on Friday, September 20th. They issued a "neutral" rating and a $65.00 price objective for the company. Wells Fargo & Company reduced their price target on shares of SJW Group from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 29th. Finally, StockNews.com lowered shares of SJW Group from a "hold" rating to a "sell" rating in a report on Tuesday, October 29th.

SJW Group Trading Down 0.8 %

SJW traded down $0.43 on Tuesday, hitting $53.47. 173,896 shares of the company were exchanged, compared to its average volume of 190,598. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a fifty day simple moving average of $55.79 and a two-hundred day simple moving average of $56.69. The stock has a market capitalization of $1.75 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 3.26 and a beta of 0.62. SJW Group has a 12 month low of $51.17 and a 12 month high of $68.84.

SJW Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a yield of 2.99%. SJW Group's dividend payout ratio is currently 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.