Janney Montgomery Scott LLC Has $569,000 Position in SJW Group (NYSE:SJW)

Janney Montgomery Scott LLC trimmed its holdings in shares of SJW Group (NYSE:SJWGet Rating) by 3.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 9,872 shares of the utilities provider’s stock after selling 311 shares during the period. Janney Montgomery Scott LLC’s holdings in SJW Group were worth $569,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Amundi boosted its position in SJW Group by 37.9% during the second quarter. Amundi now owns 1,016,175 shares of the utilities provider’s stock valued at $63,401,000 after purchasing an additional 279,283 shares during the last quarter. Nuance Investments LLC grew its stake in shares of SJW Group by 7.5% in the second quarter. Nuance Investments LLC now owns 3,183,959 shares of the utilities provider’s stock valued at $198,711,000 after buying an additional 222,006 shares in the last quarter. State Street Corp increased its holdings in SJW Group by 20.3% during the first quarter. State Street Corp now owns 723,805 shares of the utilities provider’s stock worth $50,362,000 after buying an additional 122,215 shares during the last quarter. Eaton Vance Management raised its position in SJW Group by 6,669.0% during the first quarter. Eaton Vance Management now owns 103,363 shares of the utilities provider’s stock worth $7,192,000 after acquiring an additional 101,836 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in SJW Group in the second quarter valued at $5,448,000. Institutional investors own 72.08% of the company’s stock.

SJW Group Stock Performance

Shares of NYSE SJW opened at $76.24 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 39.71 and a beta of 0.60. The stock’s fifty day moving average price is $78.01 and its two-hundred day moving average price is $69.34. SJW Group has a one year low of $55.74 and a one year high of $83.88.

SJW Group (NYSE:SJWGet Rating) last released its quarterly earnings results on Thursday, October 27th. The utilities provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.16. The business had revenue of $175.98 million for the quarter, compared to analyst estimates of $172.13 million. SJW Group had a net margin of 9.91% and a return on equity of 5.09%. On average, equities analysts forecast that SJW Group will post 2.35 EPS for the current year.

SJW Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Monday, November 7th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $1.44 dividend on an annualized basis and a yield of 1.89%. This is an increase from SJW Group’s previous quarterly dividend of $0.19. SJW Group’s dividend payout ratio is currently 75.00%.

Insiders Place Their Bets

In other news, COO Andrew Gere sold 830 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $74.72, for a total transaction of $62,017.60. Following the completion of the sale, the chief operating officer now directly owns 23,627 shares in the company, valued at approximately $1,765,409.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO James Patrick Lynch sold 709 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $67.27, for a total value of $47,694.43. Following the completion of the transaction, the chief accounting officer now directly owns 25,249 shares in the company, valued at approximately $1,698,500.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Andrew Gere sold 830 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $74.72, for a total transaction of $62,017.60. Following the sale, the chief operating officer now owns 23,627 shares in the company, valued at approximately $1,765,409.44. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SJW shares. TheStreet upgraded shares of SJW Group from a “c+” rating to a “b-” rating in a research note on Tuesday, November 1st. StockNews.com started coverage on SJW Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Seaport Res Ptn downgraded SJW Group from a “buy” rating to a “neutral” rating in a research note on Thursday, January 5th. Royal Bank of Canada cut SJW Group from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $76.00 to $85.00 in a research note on Tuesday, January 17th. Finally, UBS Group initiated coverage on shares of SJW Group in a research report on Wednesday, November 30th. They set a “buy” rating and a $85.00 price objective for the company. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, SJW Group presently has an average rating of “Hold” and a consensus target price of $76.00.

About SJW Group

(Get Rating)

SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services and sewer operations to water utilities; and a Linebacker protection plan for public drinking water customers in Connecticut and Maine.

See Also

Want to see what other hedge funds are holding SJW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SJW Group (NYSE:SJWGet Rating).

Institutional Ownership by Quarter for SJW Group (NYSE:SJW)

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