Short Interest in SJW Group (NYSE:SJW) Drops By 14.8%

SJW Group (NYSE:SJW) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 463,100 shares, a decrease of 14.8% from the November 30th total of 543,300 shares. Based on an average daily volume of 223,500 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On SJW Group

Several institutional investors have recently bought and sold shares of SJW. Bank of New York Mellon Corp lifted its stake in SJW Group by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 339,990 shares of the utilities provider’s stock valued at $18,434,000 after acquiring an additional 4,357 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in SJW Group by 6.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 41,414 shares of the utilities provider’s stock worth $2,245,000 after purchasing an additional 2,667 shares during the last quarter. Van ECK Associates Corp grew its position in SJW Group by 10.3% in the 2nd quarter. Van ECK Associates Corp now owns 8,288 shares of the utilities provider’s stock worth $449,000 after purchasing an additional 775 shares in the last quarter. Arizona State Retirement System increased its stake in SJW Group by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 8,526 shares of the utilities provider’s stock valued at $462,000 after buying an additional 189 shares during the last quarter. Finally, Chris Bulman Inc bought a new position in shares of SJW Group during the 2nd quarter worth approximately $30,000. Institutional investors own 84.29% of the company’s stock.

SJW Group Trading Down 1.2 %

SJW opened at $49.38 on Monday. SJW Group has a fifty-two week low of $48.83 and a fifty-two week high of $66.41. The firm has a market capitalization of $1.62 billion, a PE ratio of 17.89, a P/E/G ratio of 3.26 and a beta of 0.62. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77. The company’s 50-day moving average is $54.37 and its 200 day moving average is $56.46.

SJW Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.24%. 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.