SJW Group (NYSE:SJW) Shares Sold by Jump Financial LLC

Jump Financial LLC cut its position in SJW Group (NYSE:SJW - Free Report) by 68.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,685 shares of the utilities provider's stock after selling 14,340 shares during the period. Jump Financial LLC's holdings in SJW Group were worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of SJW Group by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider's stock worth $128,840,000 after purchasing an additional 72,081 shares during the last quarter. Nuance Investments LLC increased its stake in SJW Group by 4.3% in the 4th quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider's stock worth $61,872,000 after buying an additional 52,029 shares during the period. Geode Capital Management LLC grew its stake in SJW Group by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 745,624 shares of the utilities provider's stock worth $36,708,000 after purchasing an additional 22,890 shares in the last quarter. Invesco Ltd. raised its holdings in shares of SJW Group by 1.0% in the fourth quarter. Invesco Ltd. now owns 571,505 shares of the utilities provider's stock valued at $28,129,000 after acquiring an additional 5,900 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of SJW Group by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 390,911 shares of the utilities provider's stock valued at $19,241,000 after purchasing an additional 20,944 shares in the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

SJW Group Trading Down 1.2 %

Shares of NYSE:SJW traded down $0.68 during mid-day trading on Thursday, reaching $56.06. 27,033 shares of the company were exchanged, compared to its average volume of 228,514. SJW Group has a 1 year low of $44.91 and a 1 year high of $62.18. The firm's 50-day simple moving average is $53.55 and its 200 day simple moving average is $52.90. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 3.94 and a beta of 0.56. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Monday, May 12th. SJW Group's dividend payout ratio (DPR) is 58.95%.

Analyst Ratings Changes

A number of research firms have recently weighed in on SJW. Wells Fargo & Company raised their price target on shares of SJW Group from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Tuesday. Bank of America upgraded shares of SJW Group from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $59.00 to $55.00 in a research report on Monday, February 3rd. Finally, StockNews.com upgraded shares of SJW Group from a "sell" rating to a "hold" rating in a research report on Friday, February 28th.

SJW Group 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.