Walleye Capital LLC Boosts Stock Holdings in SJW Group (NYSE:SJW)

Walleye Capital LLC boosted its stake in SJW Group (NYSE:SJW - Free Report) by 121.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,555 shares of the utilities provider's stock after buying an additional 20,051 shares during the quarter. Walleye Capital LLC owned approximately 0.11% of SJW Group worth $2,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nuance Investments LLC boosted its position in SJW Group by 17.5% in the 2nd quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider's stock valued at $84,877,000 after buying an additional 233,601 shares during the period. Charles Schwab Investment Management Inc. boosted its position in SJW Group by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider's stock valued at $21,499,000 after buying an additional 20,646 shares during the period. Bank of New York Mellon Corp boosted its position in SJW Group by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 339,990 shares of the utilities provider's stock valued at $18,434,000 after buying an additional 4,357 shares during the period. Assenagon Asset Management S.A. boosted its position in SJW Group by 29.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 212,299 shares of the utilities provider's stock valued at $12,337,000 after buying an additional 48,200 shares during the period. Finally, Raymond James & Associates boosted its position in SJW Group by 8.8% in the 2nd quarter. Raymond James & Associates now owns 113,852 shares of the utilities provider's stock valued at $6,173,000 after buying an additional 9,165 shares during the period. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SJW. Bank of America began coverage on shares of SJW Group in a research report on Friday, September 20th. They set a "neutral" rating and a $65.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of SJW Group from $63.00 to $61.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th. Finally, StockNews.com cut shares of SJW Group from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th.

SJW Group Stock Performance

NYSE SJW traded down $1.43 during trading on Wednesday, reaching $52.70. The company's stock had a trading volume of 298,495 shares, compared to its average volume of 191,077. 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 market cap of $1.72 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 3.32 and a beta of 0.62. SJW Group has a twelve month low of $51.17 and a twelve month high of $70.43. The business's fifty day moving average price is $56.55 and its 200-day moving average price is $56.86.

SJW Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were paid a $0.40 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a yield of 3.04%. SJW Group's dividend payout ratio is presently 57.97%.

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.