Victory Capital Management Inc. Sells 8,608 Shares of SJW Group (NYSE:SJW)

Victory Capital Management Inc. reduced its holdings in shares of SJW Group (NYSE:SJW - Free Report) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,126 shares of the utilities provider's stock after selling 8,608 shares during the quarter. Victory Capital Management Inc. owned 0.51% of SJW Group worth $8,177,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SJW. US Bancorp DE grew its holdings in shares of SJW Group by 53.8% during the third 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. Atria Investments Inc lifted its position in shares of SJW Group by 16.8% during the third quarter. Atria Investments Inc now owns 5,904 shares of the utilities provider's stock valued at $343,000 after purchasing an additional 850 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of SJW Group by 164.2% during the third quarter. GSA Capital Partners LLP now owns 12,923 shares of the utilities provider's stock valued at $751,000 after purchasing an additional 8,032 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of SJW Group during the third quarter valued at about $225,000. Finally, MQS Management LLC bought a new position in shares of SJW Group during the third quarter valued at about $233,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised 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 report on Friday, February 28th. StockNews.com raised shares of SJW Group from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Bank of America raised shares of SJW Group from a "neutral" rating to a "buy" rating and dropped their price target for the company from $59.00 to $55.00 in a research report on Monday, February 3rd.

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SJW Group Stock Performance

SJW stock traded down $0.44 during mid-day trading on Tuesday, hitting $53.46. The company had a trading volume of 204,868 shares, compared to its average volume of 200,491. The firm has a market cap of $1.80 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 3.94 and a beta of 0.58. 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 12 month low of $44.91 and a 12 month high of $62.18. The stock's fifty day moving average price is $50.98 and its two-hundred day moving average price is $54.00.

SJW Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a $0.42 dividend. This is a positive change from SJW Group's previous quarterly dividend of $0.40. The ex-dividend date was Monday, February 10th. This represents a $1.68 annualized dividend and a yield of 3.14%. SJW Group's payout ratio 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.