Public Employees Retirement Association of Colorado Sells 885 Shares of SJW Group (NYSE:SJW)

Public Employees Retirement Association of Colorado lowered its position in SJW Group (NYSE:SJW) by 23.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,872 shares of the utilities provider’s stock after selling 885 shares during the period. Public Employees Retirement Association of Colorado’s holdings in SJW Group were worth $141,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Barclays PLC boosted its stake in shares of SJW Group by 376.0% in the third quarter. Barclays PLC now owns 60,140 shares of the utilities provider’s stock worth $3,495,000 after acquiring an additional 47,506 shares during the period. Franklin Resources Inc. grew its holdings in SJW Group by 162.6% during the 3rd quarter. Franklin Resources Inc. now owns 42,810 shares of the utilities provider’s stock valued at $2,504,000 after buying an additional 26,505 shares in the last quarter. Ballentine Partners LLC raised its position in shares of SJW Group by 26.4% during the fourth quarter. Ballentine Partners LLC now owns 6,943 shares of the utilities provider’s stock valued at $342,000 after buying an additional 1,452 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of SJW Group by 195.7% in the fourth quarter. SG Americas Securities LLC now owns 31,919 shares of the utilities provider’s stock worth $1,571,000 after buying an additional 21,123 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of SJW Group by 1.2% during the fourth quarter. State of Alaska Department of Revenue now owns 17,198 shares of the utilities provider’s stock worth $846,000 after acquiring an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

SJW Group Price Performance

SJW stock opened at $55.23 on Friday. SJW Group has a 52 week low of $44.91 and a 52 week high of $62.18. The firm has a market capitalization of $1.89 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 3.94 and a beta of 0.56. The company has a fifty day simple moving average of $53.65 and a two-hundred day simple moving average of $52.86. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25.

SJW Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Monday, May 12th. SJW Group’s payout ratio is 56.38%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SJW. Wells Fargo & Company lifted their price target on shares of SJW Group from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday. 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. Finally, StockNews.com upgraded SJW Group from a “sell” rating to a “hold” rating in a report on Friday, February 28th.

SJW Group 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.