SJW Group (NYSE:SJW) Stock Holdings Trimmed by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its position in shares of SJW Group (NYSE:SJW) by 59.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,031 shares of the utilities provider’s stock after selling 36,555 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.08% of SJW Group worth $1,232,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SJW. JPMorgan Chase & Co. raised its position in shares of SJW Group by 131.4% during the 4th quarter. JPMorgan Chase & Co. now owns 153,687 shares of the utilities provider’s stock valued at $7,564,000 after acquiring an additional 87,260 shares in the last quarter. Vanguard Group Inc. increased its stake in SJW Group by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider’s stock valued at $128,840,000 after purchasing an additional 72,081 shares during the last quarter. Nuance Investments LLC raised its holdings in shares of SJW Group by 4.3% during the fourth quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider’s stock worth $61,872,000 after purchasing an additional 52,029 shares during the period. Barclays PLC lifted its position in shares of SJW Group by 376.0% in the 3rd quarter. Barclays PLC now owns 60,140 shares of the utilities provider’s stock worth $3,495,000 after buying an additional 47,506 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of SJW Group in the 4th quarter valued at about $1,942,000. Institutional investors own 84.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SJW shares. Bank of America raised shares of SJW Group from a “neutral” rating to a “buy” rating and cut their target price for the stock from $59.00 to $55.00 in a report on Monday, February 3rd. Wells Fargo & Company boosted their price objective on SJW Group from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, StockNews.com raised SJW Group from a “sell” rating to a “hold” rating in a research report on Friday, February 28th.

SJW Group Price Performance

Shares of NYSE:SJW opened at $52.28 on Friday. The firm’s 50 day moving average is $51.88 and its two-hundred day moving average is $53.68. The firm has a market capitalization of $1.76 billion, a P/E ratio of 18.94, a PEG ratio of 3.94 and a beta of 0.58. 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 has a 52 week low of $44.91 and a 52 week high of $62.18.

SJW Group Increases Dividend

The firm also recently announced 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. The ex-dividend date was Monday, February 10th. This represents a $1.68 annualized dividend and a yield of 3.21%. This is an increase from SJW Group’s previous quarterly dividend of $0.40. SJW Group’s payout ratio is presently 58.95%.

About SJW Group

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.