SJW Group (NYSE:SJW) Stake Cut by Nuance Investments LLC

Nuance Investments LLC lessened its holdings in SJW Group (NYSE:SJW) by 23.1% in the third quarter, HoldingsChannel.com reports. The firm owned 1,204,519 shares of the utilities provider’s stock after selling 360,909 shares during the period. SJW Group accounts for approximately 2.4% of Nuance Investments LLC’s investment portfolio, making the stock its 16th biggest holding. Nuance Investments LLC’s holdings in SJW Group were worth $69,995,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SJW. Jennison Associates LLC grew its position in shares of SJW Group by 22.7% during the 3rd quarter. Jennison Associates LLC now owns 24,743 shares of the utilities provider’s stock valued at $1,438,000 after buying an additional 4,580 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in SJW Group in the third quarter valued at approximately $140,000. MQS Management LLC bought a new position in shares of SJW Group during the third quarter valued at approximately $233,000. Aigen Investment Management LP acquired a new stake in shares of SJW Group during the 3rd quarter worth approximately $225,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of SJW Group by 164.2% in the 3rd quarter. GSA Capital Partners LLP now owns 12,923 shares of the utilities provider’s stock worth $751,000 after purchasing an additional 8,032 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on SJW shares. Bank of America assumed coverage on SJW Group in a research note on Friday, September 20th. They set a “neutral” rating and a $65.00 price objective for the company. Wells Fargo & Company lowered their price target on shares of SJW Group from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Finally, StockNews.com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

SJW Group Trading Up 0.6 %

Shares of SJW stock opened at $55.15 on Wednesday. SJW Group has a 1 year low of $51.17 and a 1 year high of $70.43. The firm has a market capitalization of $1.80 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 3.29 and a beta of 0.63. The stock has a fifty day moving average of $57.35 and a two-hundred day moving average of $57.05. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77.

SJW Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a yield of 2.90%. SJW Group’s dividend payout ratio is presently 57.97%.

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.