Creative Financial Designs Inc. ADV Lowers Position in SJW Group (NYSE:SJW)

Creative Financial Designs Inc. ADV cut its stake in shares of SJW Group (NYSE:SJW) by 29.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,179 shares of the utilities provider’s stock after selling 893 shares during the period. Creative Financial Designs Inc. ADV’s holdings in SJW Group were worth $107,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Point72 DIFC Ltd lifted its position in shares of SJW Group by 81.4% in the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 316 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of SJW Group by 47.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,079 shares of the utilities provider’s stock valued at $102,000 after acquiring an additional 673 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of SJW Group in the third quarter worth about $140,000. Parkworth Wealth Management Inc. bought a new stake in shares of SJW Group in the fourth quarter worth about $178,000. Finally, HighTower Advisors LLC increased its holdings in shares of SJW Group by 5.6% in the fourth quarter. HighTower Advisors LLC now owns 4,430 shares of the utilities provider’s stock worth $218,000 after purchasing an additional 233 shares during the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

SJW Group Trading Down 0.6 %

Shares of NYSE SJW opened at $52.14 on Friday. The business’s 50 day moving average is $51.35 and its two-hundred day moving average is $53.94. 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 has a 1-year low of $44.91 and a 1-year high of $62.18. The stock has a market capitalization of $1.76 billion, a P/E ratio of 18.89, a PEG ratio of 3.94 and a beta of 0.58.

SJW Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were paid a dividend of $0.42 per share. This is a boost from SJW Group’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 3.22%. The ex-dividend date was Monday, February 10th. SJW Group’s payout ratio is presently 58.95%.

Analyst Ratings Changes

SJW has been the topic of several research reports. Bank of America raised SJW Group from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $59.00 to $55.00 in a report on Monday, February 3rd. Wells Fargo & Company lifted their target price on SJW Group from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Finally, StockNews.com raised SJW Group from a “sell” rating to a “hold” rating in a report on Friday, February 28th.

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.