Clean Yield Group Sells 23,491 Shares of SJW Group (NYSE:SJW)

Clean Yield Group trimmed its stake in shares of SJW Group (NYSE:SJW - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,708 shares of the utilities provider's stock after selling 23,491 shares during the period. Clean Yield Group owned about 0.23% of SJW Group worth $3,677,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in shares of SJW Group by 2.3% in the second quarter. Arizona State Retirement System now owns 8,526 shares of the utilities provider's stock valued at $462,000 after purchasing an additional 189 shares during the last quarter. Point72 DIFC Ltd grew its position in 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 in the last quarter. US Bancorp DE increased its stake in 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 buying an additional 439 shares during the last quarter. Van ECK Associates Corp lifted its position in SJW Group by 9.1% during the 3rd quarter. Van ECK Associates Corp now owns 9,043 shares of the utilities provider's stock worth $530,000 after buying an additional 755 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake 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 last quarter. 84.29% of the stock is owned by institutional investors.

SJW Group Stock Performance

SJW Group stock traded up $0.37 during midday trading on Monday, reaching $45.84. 262,210 shares of the company's stock were exchanged, compared to its average volume of 236,730. The stock's 50-day simple moving average is $52.34 and its 200 day simple moving average is $56.10. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 3.26 and a beta of 0.65. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. SJW Group has a 52 week low of $44.91 and a 52 week high of $65.15.

SJW Group Announces Dividend

The firm also recently announced 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Monday, November 4th. SJW Group's payout ratio is presently 57.97%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on SJW Group from $61.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Bank of America initiated coverage on SJW Group in a research note on Friday, September 20th. They set a "neutral" rating and a $65.00 price objective on the stock. Finally, StockNews.com cut shares of SJW Group from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th.

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.