Atom Investors LP Grows Stock Position in SJW Group (NYSE:SJW)

Atom Investors LP increased its stake in shares of SJW Group (NYSE:SJW) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,507 shares of the utilities provider’s stock after acquiring an additional 2,075 shares during the period. Atom Investors LP’s holdings in SJW Group were worth $3,051,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. CWM LLC lifted its stake in shares of SJW Group by 184.2% in the 2nd quarter. CWM LLC now owns 520 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 337 shares during the period. Chris Bulman Inc purchased a new stake in shares of SJW Group during the 2nd quarter worth about $30,000. nVerses Capital LLC acquired a new stake in shares of SJW Group during the 3rd quarter valued at about $46,000. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of SJW Group by 576.5% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 761 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of SJW Group by 53.8% in 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 in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SJW has been the subject of several research analyst reports. Bank of America started coverage on shares of SJW Group in a research report on Friday, September 20th. They set a “neutral” rating and a $65.00 price target for the company. Wells Fargo & Company decreased their target price 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 SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

SJW Group Stock Up 0.8 %

SJW stock opened at $55.72 on Monday. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 3.35 and a beta of 0.63. The firm has a 50-day moving average of $56.70 and a two-hundred day moving average of $56.95. SJW Group has a 12 month low of $51.17 and a 12 month high of $70.43. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25.

SJW Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Monday, November 4th. SJW Group’s dividend payout ratio (DPR) is currently 57.97%.

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.