SJW Group (NYSE:SJW) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ cut its holdings in SJW Group (NYSE:SJW) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,074 shares of the utilities provider’s stock after selling 968 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in SJW Group were worth $763,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SJW. Comerica Bank lifted its stake in shares of SJW Group by 1.0% during the fourth quarter. Comerica Bank now owns 18,600 shares of the utilities provider’s stock valued at $1,215,000 after buying an additional 182 shares during the period. Arizona State Retirement System lifted its stake in shares of SJW Group by 2.3% during the second 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 period. Maryland State Retirement & Pension System lifted its stake in shares of SJW Group by 0.6% during the first quarter. Maryland State Retirement & Pension System now owns 35,299 shares of the utilities provider’s stock valued at $1,850,000 after buying an additional 195 shares during the period. Chatham Capital Group Inc. raised its stake in SJW Group by 1.2% during the second quarter. Chatham Capital Group Inc. now owns 26,552 shares of the utilities provider’s stock worth $1,440,000 after purchasing an additional 320 shares during the period. Finally, Texas Permanent School Fund Corp raised its stake in SJW Group by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 25,432 shares of the utilities provider’s stock worth $1,439,000 after purchasing an additional 329 shares during the period. 84.29% of the stock is currently owned by institutional investors and hedge funds.

SJW Group Stock Performance

NYSE:SJW opened at $58.81 on Tuesday. The firm’s 50 day moving average is $59.27 and its two-hundred day moving average is $56.55. SJW Group has a fifty-two week low of $51.17 and a fifty-two week high of $70.43. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.22. The company has a market cap of $1.90 billion, a P/E ratio of 22.11, a P/E/G ratio of 2.94 and a beta of 0.63.

SJW Group (NYSE:SJW) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. SJW Group had a net margin of 12.48% and a return on equity of 7.10%. The business had revenue of $176.17 million for the quarter, compared to the consensus estimate of $165.10 million. Analysts expect that SJW Group will post 2.76 EPS for the current year.

SJW Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.72%. 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 recent analyst reports. Wells Fargo & Company increased their price target on shares of SJW Group from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Bank of America initiated coverage on shares of SJW Group in a research note on Friday. They set a “neutral” rating and a $65.00 price target on the stock. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, SJW Group currently has a consensus rating of “Hold” and a consensus target price of $62.67.

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.