SJW Group (NYSE:SJW) Shares Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. raised its stake in shares of SJW Group (NYSE:SJW) by 576.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 893 shares of the utilities provider’s stock after buying an additional 761 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in SJW Group were worth $48,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SJW. Squarepoint Ops LLC boosted its position in shares of SJW Group by 38.8% during the 2nd quarter. Squarepoint Ops LLC now owns 20,481 shares of the utilities provider’s stock valued at $1,110,000 after purchasing an additional 5,726 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in SJW Group by 445.4% during the second quarter. Cubist Systematic Strategies LLC now owns 45,946 shares of the utilities provider’s stock valued at $2,491,000 after buying an additional 37,521 shares during the period. Public Sector Pension Investment Board lifted its stake in SJW Group by 8.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 64,492 shares of the utilities provider’s stock worth $3,497,000 after acquiring an additional 4,925 shares in the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of SJW Group by 16.9% during the second quarter. Ensign Peak Advisors Inc now owns 18,358 shares of the utilities provider’s stock worth $995,000 after purchasing an additional 2,650 shares during the period. Finally, Inspire Advisors LLC purchased a new position in SJW Group during the second quarter valued at approximately $253,000. 84.29% of the stock is currently owned by institutional investors.

SJW Group Stock Performance

NYSE SJW opened at $58.08 on Tuesday. SJW Group has a twelve month low of $51.17 and a twelve month high of $70.43. The stock has a market cap of $1.87 billion, a P/E ratio of 21.83, a PEG ratio of 3.50 and a beta of 0.63. The company’s 50-day simple moving average is $59.07 and its 200 day simple moving average is $56.55. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.22.

SJW Group (NYSE:SJW) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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. As a group, research analysts forecast 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. Investors of record on Monday, August 5th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.75%. SJW Group’s payout ratio is presently 60.15%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SJW. Wells Fargo & Company lifted their target price on shares of SJW Group from $62.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Bank of America initiated coverage on SJW Group in a research report on Friday, September 20th. They set a “neutral” rating and a $65.00 target price for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, SJW Group presently has a consensus rating of “Hold” and an average 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.