Jump Financial LLC Sells 14,340 Shares of SJW Group (NYSE:SJW)

Jump Financial LLC lowered its position in shares of SJW Group (NYSE:SJW - Free Report) by 68.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,685 shares of the utilities provider's stock after selling 14,340 shares during the quarter. Jump Financial LLC's holdings in SJW Group were worth $329,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of SJW Group by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider's stock valued at $128,840,000 after purchasing an additional 72,081 shares during the last quarter. Nuance Investments LLC lifted its holdings in shares of SJW Group by 4.3% during the fourth quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider's stock valued at $61,872,000 after purchasing an additional 52,029 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of SJW Group by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 745,624 shares of the utilities provider's stock valued at $36,708,000 after purchasing an additional 22,890 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of SJW Group by 1.0% during the fourth quarter. Invesco Ltd. now owns 571,505 shares of the utilities provider's stock valued at $28,129,000 after purchasing an additional 5,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of SJW Group by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 390,911 shares of the utilities provider's stock valued at $19,241,000 after purchasing an additional 20,944 shares during the last quarter. Institutional investors own 84.29% of the company's stock.

SJW Group Stock Up 6.1 %

Shares of SJW traded up $3.29 during mid-day trading on Tuesday, hitting $56.80. 262,922 shares of the company's stock were exchanged, compared to its average volume of 229,171. The firm has a fifty day moving average of $53.38 and a two-hundred day moving average of $52.85. SJW Group has a twelve month low of $44.91 and a twelve month high of $62.18. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 3.94 and a beta of 0.56. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, May 12th. SJW Group's dividend payout ratio is currently 58.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. StockNews.com raised SJW Group from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Wells Fargo & Company increased their price target on shares of SJW Group from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, Bank of America upgraded shares of SJW Group from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $59.00 to $55.00 in a research note on Monday, February 3rd.

About SJW Group

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.