Allworth Financial LP Sells 214 Shares of SJW Group (NYSE:SJW)

Allworth Financial LP decreased its position in SJW Group (NYSE:SJW) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,215 shares of the utilities provider’s stock after selling 214 shares during the quarter. Allworth Financial LP’s holdings in SJW Group were worth $240,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SJW. Assenagon Asset Management S.A. raised its holdings in SJW Group by 29.4% in the third quarter. Assenagon Asset Management S.A. now owns 212,299 shares of the utilities provider’s stock worth $12,337,000 after purchasing an additional 48,200 shares in the last quarter. Barclays PLC grew 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 last quarter. Edgestream Partners L.P. grew its stake in shares of SJW Group by 120.1% in the third quarter. Edgestream Partners L.P. now owns 52,072 shares of the utilities provider’s stock worth $3,026,000 after acquiring an additional 28,417 shares during the last quarter. Duff & Phelps Investment Management Co. purchased a new stake in shares of SJW Group in the third quarter worth $1,593,000. Finally, Franklin Resources Inc. grew its stake in shares of SJW Group by 162.6% in the third quarter. Franklin Resources Inc. now owns 42,810 shares of the utilities provider’s stock worth $2,504,000 after acquiring an additional 26,505 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

SJW Group Trading Up 0.6 %

SJW Group stock opened at $52.75 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. SJW Group has a one year low of $44.91 and a one year high of $62.18. The stock has a market capitalization of $1.73 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 3.96 and a beta of 0.65. The business’s fifty day moving average is $49.70 and its 200 day moving average is $54.59.

SJW Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, February 10th. This is a boost from SJW Group’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 3.18%. SJW Group’s dividend payout ratio (DPR) is 60.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SJW shares. Wells Fargo & Company cut their target price on SJW Group from $61.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Bank of America raised 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 research note on Monday, February 3rd. Finally, StockNews.com cut SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

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.