Public Sector Pension Investment Board Sells 1,300 Shares of SJW Group (NYSE:SJW)

Public Sector Pension Investment Board trimmed its holdings in SJW Group (NYSE:SJW) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,192 shares of the utilities provider’s stock after selling 1,300 shares during the period. Public Sector Pension Investment Board’s holdings in SJW Group were worth $3,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. lifted its holdings in SJW Group by 26.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 164,099 shares of the utilities provider’s stock valued at $8,897,000 after purchasing an additional 34,607 shares during the last quarter. Boston Partners acquired a new stake in shares of SJW Group during the 1st quarter worth about $597,000. Nuance Investments LLC boosted its holdings in shares of SJW Group by 17.5% during the 2nd quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider’s stock worth $84,877,000 after buying an additional 233,601 shares during the period. Quest Partners LLC acquired a new position in SJW Group in the 2nd quarter valued at about $635,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in SJW Group in the 3rd quarter valued at about $620,000. 84.29% of the stock is currently owned by institutional investors.

SJW Group Stock Down 1.0 %

NYSE SJW opened at $55.19 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 3.35 and a beta of 0.63. The company has a 50 day moving average of $56.70 and a 200-day moving average of $56.94. SJW Group has a 1-year low of $51.17 and a 1-year high of $70.43.

SJW Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.90%. SJW Group’s payout ratio is 57.97%.

Analyst Upgrades and Downgrades

SJW has been the topic of several research reports. Bank of America began coverage on SJW Group in a research report on Friday, September 20th. They issued a “neutral” rating and a $65.00 target price on the stock. Wells Fargo & Company lowered their price objective on SJW Group from $63.00 to $61.00 and set an “equal weight” rating on the stock 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.

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.