Cubist Systematic Strategies LLC Increases Position in SJW Group (NYSE:SJW)

Cubist Systematic Strategies LLC boosted its holdings in shares of SJW Group (NYSE:SJW) by 445.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,946 shares of the utilities provider’s stock after purchasing an additional 37,521 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.14% of SJW Group worth $2,491,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of SJW Group by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 2,465,745 shares of the utilities provider’s stock valued at $161,136,000 after buying an additional 78,289 shares in the last quarter. Nuance Investments LLC increased its stake in shares of SJW Group by 17.5% during the second quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider’s stock worth $84,877,000 after purchasing an additional 233,601 shares in the last quarter. KBC Group NV raised its position in shares of SJW Group by 16.2% during the 4th quarter. KBC Group NV now owns 474,598 shares of the utilities provider’s stock worth $31,015,000 after purchasing an additional 66,238 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in SJW Group by 1.3% in 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 buying an additional 4,357 shares in the last quarter. Finally, Norges Bank acquired a new stake in SJW Group in the 4th quarter worth about $13,659,000. 84.29% of the stock is owned by institutional investors and hedge funds.

SJW Group Price Performance

NYSE:SJW opened at $57.48 on Monday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a 50 day moving average price of $59.10 and a 200 day moving average price of $56.54. The stock has a market cap of $1.88 billion, a PE ratio of 21.61, a P/E/G ratio of 3.50 and a beta of 0.63. SJW Group has a one year low of $51.17 and a one year high of $70.43.

SJW Group (NYSE:SJW) last announced its quarterly earnings data 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 net margin of 12.48% and a return on equity of 7.10%. The firm had revenue of $176.17 million during the quarter, compared to analyst estimates of $165.10 million. Equities research analysts expect that SJW Group will post 2.75 EPS for the current fiscal year.

SJW Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Monday, August 5th. SJW Group’s payout ratio is presently 60.15%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SJW. Wells Fargo & Company increased their target price on SJW Group from $62.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Bank of America initiated coverage on SJW Group in a report on Friday, September 20th. They issued a “neutral” rating and a $65.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average 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.