State of New Jersey Common Pension Fund D Reduces Holdings in SJW Group (NYSE:SJW)

State of New Jersey Common Pension Fund D lowered its stake in shares of SJW Group (NYSE:SJW) by 2.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 34,111 shares of the utilities provider’s stock after selling 921 shares during the period. State of New Jersey Common Pension Fund D’s holdings in SJW Group were worth $1,982,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SJW. CWM LLC grew its holdings in shares of SJW Group by 184.2% during the 2nd quarter. CWM LLC now owns 520 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 337 shares during the period. Chris Bulman Inc bought a new stake in shares of SJW Group during the second quarter valued at approximately $30,000. nVerses Capital LLC purchased a new stake in SJW Group in the third quarter worth $46,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in SJW Group by 576.5% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 761 shares in the last quarter. Finally, US Bancorp DE lifted its position in 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 period. 84.29% of the stock is owned by institutional investors.

SJW Group Price Performance

Shares of NYSE:SJW opened at $54.80 on Friday. The company has a market capitalization of $1.79 billion, a PE ratio of 19.86, a PEG ratio of 3.27 and a beta of 0.63. The business has a fifty day moving average price of $57.54 and a 200-day moving average price of $57.04. SJW Group has a 1-year low of $51.17 and a 1-year high of $70.43. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77.

SJW Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a $0.40 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.60 annualized dividend and a yield of 2.92%. SJW Group’s dividend payout ratio (DPR) is presently 57.97%.

Analysts Set New Price Targets

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

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.