Skandinaviska Enskilda Banken AB publ Sells 499 Shares of SJW Group (NYSE:SJW)

Skandinaviska Enskilda Banken AB publ reduced its stake in SJW Group (NYSE:SJW) by 3.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,990 shares of the utilities provider’s stock after selling 499 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in SJW Group were worth $644,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SJW. Duff & Phelps Investment Management Co. bought a new stake in shares of SJW Group in the 3rd quarter worth $1,593,000. Geode Capital Management LLC grew its position in SJW Group by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider’s stock worth $42,006,000 after purchasing an additional 13,614 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in SJW Group by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider’s stock valued at $21,499,000 after buying an additional 20,646 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of SJW Group by 11.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 38,063 shares of the utilities provider’s stock worth $1,873,000 after buying an additional 3,952 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of SJW Group by 195.7% in the 4th 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 during the last quarter. 84.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

SJW Group Price Performance

SJW Group stock opened at $53.90 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. The business’s 50 day simple moving average is $50.98 and its 200 day simple moving average is $54.00. SJW Group has a 12 month low of $44.91 and a 12 month high of $62.18. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 3.94 and a beta of 0.58.

SJW Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a dividend of $0.42 per share. This is an increase from SJW Group’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, February 10th. This represents a $1.68 annualized dividend and a dividend yield of 3.12%. SJW Group’s dividend payout ratio is presently 58.95%.

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.