SJW Group (NYSE:SJW) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its holdings in SJW Group (NYSE:SJW) by 27.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 139,500 shares of the utilities provider’s stock after selling 52,400 shares during the period. Renaissance Technologies LLC owned 0.43% of SJW Group worth $7,564,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SJW. CWM LLC lifted its stake in shares of SJW Group by 184.2% in the 2nd quarter. CWM LLC now owns 520 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 337 shares during the last quarter. Chris Bulman Inc purchased a new position in SJW Group during the second quarter worth about $30,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of SJW Group in the 4th quarter valued at approximately $35,000. SG Americas Securities LLC raised its stake in shares of SJW Group by 87.0% in the 1st quarter. SG Americas Securities LLC now owns 3,608 shares of the utilities provider’s stock valued at $204,000 after acquiring an additional 1,679 shares during the period. Finally, Cetera Advisors LLC purchased a new position in shares of SJW Group during the 1st quarter worth approximately $247,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

SJW Group Stock Down 0.8 %

SJW Group stock opened at $57.28 on Thursday. The firm has a market capitalization of $1.85 billion, a P/E ratio of 21.53, a P/E/G ratio of 3.56 and a beta of 0.63. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.22. SJW Group has a twelve month low of $51.17 and a twelve month high of $70.43. The stock’s fifty day simple moving average is $59.18 and its 200-day simple moving average is $56.56.

SJW Group (NYSE:SJW) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. SJW Group had a return on equity of 7.10% and a net margin of 12.48%. The company had revenue of $176.17 million for the quarter, compared to analyst estimates of $165.10 million. As a group, equities analysts expect that SJW Group will post 2.75 earnings per share for the current fiscal year.

SJW Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 5th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Monday, August 5th. SJW Group’s dividend payout ratio is presently 60.15%.

Analysts Set New Price Targets

SJW has been the topic of a number of research analyst reports. Bank of America initiated coverage on SJW Group in a research report on Friday, September 20th. They issued a “neutral” rating and a $65.00 target price on the stock. Wells Fargo & Company increased 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. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.67.

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.