IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 36,555 Shares of SJW Group (NYSE:SJW)

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its stake in shares of SJW Group (NYSE:SJW - Free Report) by 59.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,031 shares of the utilities provider's stock after selling 36,555 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.08% of SJW Group worth $1,232,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in shares of SJW Group by 131.4% during the 4th quarter. JPMorgan Chase & Co. now owns 153,687 shares of the utilities provider's stock worth $7,564,000 after purchasing an additional 87,260 shares during the last quarter. Nuance Investments LLC raised its stake in SJW Group by 4.3% in the fourth quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider's stock valued at $61,872,000 after buying an additional 52,029 shares during the period. EntryPoint Capital LLC lifted its position in shares of SJW Group by 75.6% in the fourth quarter. EntryPoint Capital LLC now owns 6,389 shares of the utilities provider's stock valued at $314,000 after buying an additional 2,751 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of SJW Group by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider's stock worth $128,840,000 after acquiring an additional 72,081 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of SJW Group during the 4th quarter worth approximately $300,000. 84.29% of the stock is currently owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

Several equities analysts recently commented on SJW shares. Wells Fargo & Company upped their price target on shares of SJW Group from $53.00 to $57.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. StockNews.com raised shares of SJW Group from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Finally, Bank of America raised shares of SJW Group from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $59.00 to $55.00 in a report on Monday, February 3rd.

SJW Group Price Performance

Shares of NYSE:SJW traded down $0.17 during trading on Tuesday, reaching $54.52. 36,533 shares of the company traded hands, compared to its average volume of 218,429. 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 has a 52 week low of $44.91 and a 52 week high of $62.18. The firm has a market capitalization of $1.84 billion, a PE ratio of 19.74, a PEG ratio of 3.94 and a beta of 0.58. The company's 50 day moving average is $52.12 and its two-hundred day moving average is $53.54.

SJW Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.42 dividend. This is a positive change from SJW Group's previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 3.08%. The ex-dividend date was Monday, February 10th. SJW Group's dividend payout ratio (DPR) is currently 58.95%.

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.