Van ECK Associates Corp Acquires 755 Shares of SJW Group (NYSE:SJW)

Van ECK Associates Corp grew its holdings in SJW Group (NYSE:SJW) by 9.1% during the third quarter, Holdings Channel.com reports. The firm owned 9,043 shares of the utilities provider’s stock after acquiring an additional 755 shares during the period. Van ECK Associates Corp’s holdings in SJW Group were worth $530,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SJW. CWM LLC lifted its position in SJW Group by 184.2% during the 2nd quarter. CWM LLC now owns 520 shares of the utilities provider’s stock worth $28,000 after buying an additional 337 shares in the last quarter. Chris Bulman Inc acquired a new position in shares of SJW Group during the second quarter worth approximately $30,000. nVerses Capital LLC bought a new stake in shares of SJW Group during the third quarter valued at approximately $46,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of SJW Group by 576.5% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 761 shares in the last quarter. Finally, US Bancorp DE raised its position in SJW Group by 53.8% in the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 439 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

SJW Group Trading Down 1.1 %

NYSE:SJW opened at $55.10 on Wednesday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 3.39 and a beta of 0.63. SJW Group has a 1-year low of $51.17 and a 1-year high of $70.43. The business’s 50-day moving average price is $57.82 and its two-hundred day moving average price is $57.05. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25.

SJW Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Monday, November 4th. SJW Group’s dividend payout ratio is currently 57.97%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Bank of America began coverage on SJW Group in a research note on Friday, September 20th. They set a “neutral” rating and a $65.00 price target on the stock. StockNews.com cut shares of SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company cut 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 report on Tuesday, October 29th.

About SJW Group

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.