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

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its stake in SJW Group (NYSE:SJW) by 59.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,031 shares of the utilities provider’s stock after selling 36,555 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in SJW Group were worth $1,232,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Duff & Phelps Investment Management Co. acquired a new position in shares of SJW Group during the 3rd quarter valued at $1,593,000. Geode Capital Management LLC grew its holdings in SJW Group by 1.9% during the third quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider’s stock worth $42,006,000 after acquiring an additional 13,614 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 acquiring an additional 20,646 shares during the last quarter. State of New Jersey Common Pension Fund D boosted 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 valued at $1,873,000 after purchasing an additional 3,952 shares in the last quarter. Finally, SG Americas Securities LLC grew 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 purchasing an additional 21,123 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

SJW Group Stock Up 0.7 %

SJW stock opened at $52.28 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $1.76 billion, a P/E ratio of 18.94, a P/E/G ratio of 3.94 and a beta of 0.58. SJW Group has a 52-week low of $44.91 and a 52-week high of $62.18. The company’s 50 day simple moving average is $51.88 and its 200-day simple moving average is $53.68.

SJW Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a $0.42 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.21%. This is a positive change from SJW Group’s previous quarterly dividend of $0.40. SJW Group’s dividend payout ratio is presently 58.95%.

Wall Street Analysts Forecast Growth

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

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.