Bank of Montreal Can Sells 6,568 Shares of SJW Group (NYSE:SJW)

Bank of Montreal Can lowered its stake in shares of SJW Group (NYSE:SJW - Free Report) by 30.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,143 shares of the utilities provider's stock after selling 6,568 shares during the quarter. Bank of Montreal Can's holdings in SJW Group were worth $745,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SJW. Barclays PLC raised its position in shares of SJW Group by 376.0% in the 3rd quarter. Barclays PLC now owns 60,140 shares of the utilities provider's stock valued at $3,495,000 after buying an additional 47,506 shares in the last quarter. Geode Capital Management LLC increased its stake in SJW Group by 1.9% in the third quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider's stock valued at $42,006,000 after acquiring an additional 13,614 shares during the last quarter. Franklin Resources Inc. raised its position in SJW Group by 162.6% during the third quarter. Franklin Resources Inc. now owns 42,810 shares of the utilities provider's stock valued at $2,504,000 after purchasing an additional 26,505 shares in the last quarter. Ballentine Partners LLC lifted its stake in SJW Group by 26.4% during the fourth quarter. Ballentine Partners LLC now owns 6,943 shares of the utilities provider's stock worth $342,000 after purchasing an additional 1,452 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings 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 valued at $1,571,000 after purchasing an additional 21,123 shares in the last quarter. Institutional investors own 84.29% of the company's stock.

SJW Group Price Performance

Shares of SJW traded down $0.53 during trading hours on Thursday, reaching $54.22. The stock had a trading volume of 36,882 shares, compared to its average volume of 228,252. 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 has a 12 month low of $44.91 and a 12 month high of $62.18. The stock has a market capitalization of $1.85 billion, a PE ratio of 19.64, a PEG ratio of 3.94 and a beta of 0.56. The company's 50-day moving average is $53.33 and its two-hundred day moving average is $52.97.

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 represents a $1.68 dividend on an annualized basis and a dividend yield of 3.10%. This is a positive change from SJW Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, February 10th. SJW Group's dividend payout ratio (DPR) is presently 58.95%.

Analysts Set New Price Targets

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

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.