SJW Group (NYSE:SJW) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its position in SJW Group (NYSE:SJW) by 4.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 61,586 shares of the utilities provider’s stock after selling 2,773 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in SJW Group were worth $3,579,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SJW. Nuance Investments LLC grew its stake in shares of SJW Group by 17.5% in the second quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider’s stock valued at $84,877,000 after buying an additional 233,601 shares in the last quarter. Millennium Management LLC grew its stake in shares of SJW Group by 2,491.2% in the second quarter. Millennium Management LLC now owns 113,781 shares of the utilities provider’s stock valued at $6,169,000 after buying an additional 109,390 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of SJW Group by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 2,465,745 shares of the utilities provider’s stock valued at $161,136,000 after buying an additional 78,289 shares in the last quarter. Edgestream Partners L.P. acquired a new position in SJW Group during the 1st quarter worth $2,424,000. Finally, Cubist Systematic Strategies LLC grew its stake in SJW Group by 445.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 45,946 shares of the utilities provider’s stock worth $2,491,000 after purchasing an additional 37,521 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SJW has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on SJW Group from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Bank of America initiated coverage on SJW Group in a research note on Friday, September 20th. They set a “neutral” rating and a $65.00 target price for the company.

SJW Group Trading Up 1.9 %

SJW opened at $60.34 on Thursday. SJW Group has a 12 month low of $51.17 and a 12 month high of $70.43. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 3.42 and a beta of 0.62. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.49 and a quick ratio of 0.49. The business has a fifty day moving average price of $58.55 and a 200 day moving average price of $56.69.

SJW Group (NYSE:SJW) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.09. The business had revenue of $176.17 million during the quarter, compared to analysts’ expectations of $165.10 million. SJW Group had a return on equity of 7.10% and a net margin of 12.48%. Sell-side analysts expect that SJW Group will post 2.75 earnings per share for the current fiscal year.

SJW Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.60 annualized dividend and a dividend yield of 2.65%. SJW Group’s dividend payout ratio is currently 60.15%.

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.