Creative Planning cut its stake in SJW Group (NYSE:SJW) by 27.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,848 shares of the utilities provider’s stock after selling 1,089 shares during the quarter. Creative Planning’s holdings in SJW Group were worth $202,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in shares of SJW Group by 1.9% during the second quarter. Royal Bank of Canada now owns 20,840 shares of the utilities provider’s stock valued at $1,265,000 after acquiring an additional 393 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of SJW Group by 1.2% during the third quarter. California State Teachers Retirement System now owns 41,023 shares of the utilities provider’s stock valued at $2,801,000 after acquiring an additional 490 shares in the last quarter. Stifel Financial Corp grew its stake in shares of SJW Group by 1.6% during the third quarter. Stifel Financial Corp now owns 35,752 shares of the utilities provider’s stock valued at $2,441,000 after acquiring an additional 553 shares in the last quarter. Clear Harbor Asset Management LLC grew its stake in shares of SJW Group by 13.0% during the third quarter. Clear Harbor Asset Management LLC now owns 6,300 shares of the utilities provider’s stock valued at $430,000 after acquiring an additional 725 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of SJW Group by 2.3% during the third quarter. Rhumbline Advisers now owns 38,405 shares of the utilities provider’s stock valued at $2,623,000 after acquiring an additional 861 shares in the last quarter. 67.41% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on SJW. ValuEngine downgraded SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Zacks Investment Research downgraded SJW Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. began coverage on SJW Group in a research note on Friday, November 15th. They set a “neutral” rating and a $73.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. SJW Group has a consensus rating of “Hold” and an average target price of $74.83.
In related news, CFO James Patrick Lynch sold 800 shares of SJW Group stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $73.00, for a total value of $58,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 2,800 shares of company stock valued at $199,440 over the last quarter. Insiders own 8.20% of the company’s stock.
NYSE:SJW opened at $73.55 on Friday. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 52.91, a price-to-earnings-growth ratio of 7.84 and a beta of 0.01. SJW Group has a one year low of $59.10 and a one year high of $74.99. The stock has a 50-day simple moving average of $72.01 and a 200 day simple moving average of $69.67. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.52 and a current ratio of 3.52.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 10th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.74%. This is an increase from SJW Group’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 7th. SJW Group’s dividend payout ratio (DPR) is 51.00%.
SJW Group Profile
SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.
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