Confluence Investment Management LLC Has $2.42 Million Stock Position in SJW Group (NYSE:SJW)

Confluence Investment Management LLC reduced its position in SJW Group (NYSE:SJW) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,167 shares of the utilities provider’s stock after selling 4,003 shares during the period. Confluence Investment Management LLC owned about 0.15% of SJW Group worth $2,420,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Chris Bulman Inc purchased a new position in SJW Group during the 2nd quarter worth approximately $30,000. Point72 DIFC Ltd grew its holdings in shares of SJW Group by 81.4% during the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after buying an additional 316 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of SJW Group during the third quarter valued at $46,000. Point72 Asia Singapore Pte. Ltd. raised its position in SJW Group by 576.5% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock valued at $48,000 after buying an additional 761 shares during the period. Finally, US Bancorp DE boosted its position in SJW Group by 53.8% during the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 439 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

SJW Group Stock Down 1.1 %

SJW opened at $48.70 on Friday. The company has a market capitalization of $1.59 billion, a PE ratio of 17.64, a price-to-earnings-growth 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. SJW Group has a fifty-two week low of $48.67 and a fifty-two week high of $65.71. The business has a 50-day moving average of $53.64 and a 200-day moving average of $56.35.

SJW Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Monday, November 4th. SJW Group’s dividend payout ratio (DPR) is presently 57.97%.

Analyst Upgrades and Downgrades

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

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.