EP Wealth Advisors LLC Sells 500 Shares of SJW Group (NYSE:SJW)

EP Wealth Advisors LLC reduced its position in SJW Group (NYSE:SJW) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,531 shares of the utilities provider’s stock after selling 500 shares during the quarter. EP Wealth Advisors LLC’s holdings in SJW Group were worth $438,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Point72 DIFC Ltd lifted its position in shares of SJW Group by 81.4% during the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 316 shares during the period. Centiva Capital LP acquired a new position in shares of SJW Group during the 3rd quarter valued at $503,000. Atom Investors LP lifted its position in shares of SJW Group by 4.1% during the 3rd quarter. Atom Investors LP now owns 52,507 shares of the utilities provider’s stock valued at $3,051,000 after acquiring an additional 2,075 shares during the period. Edgestream Partners L.P. raised its holdings in SJW Group by 120.1% during the third quarter. Edgestream Partners L.P. now owns 52,072 shares of the utilities provider’s stock worth $3,026,000 after buying an additional 28,417 shares during the last quarter. Finally, Walleye Capital LLC raised its holdings in SJW Group by 121.5% during the third quarter. Walleye Capital LLC now owns 36,555 shares of the utilities provider’s stock worth $2,124,000 after buying an additional 20,051 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

SJW Group Stock Performance

Shares of SJW Group stock opened at $53.55 on Friday. The business has a fifty day simple moving average of $55.93 and a two-hundred day simple moving average of $56.65. 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 firm has a market capitalization of $1.75 billion, a P/E ratio of 19.40, a P/E/G ratio of 3.18 and a beta of 0.62. SJW Group has a 12 month low of $51.17 and a 12 month high of $70.43.

SJW Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Monday, November 4th. SJW Group’s dividend payout ratio is presently 57.97%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SJW shares. StockNews.com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Bank of America began coverage on shares of SJW Group in a report on Friday, September 20th. They issued a “neutral” rating and a $65.00 price target on the stock. Finally, Wells Fargo & Company lowered their price target on shares of SJW Group from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th.

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.