Confluence Investment Management LLC Has $2.42 Million Stake in SJW Group (NYSE:SJW)

Confluence Investment Management LLC lowered its stake in SJW Group (NYSE:SJW) by 7.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 49,167 shares of the utilities provider’s stock after selling 4,003 shares during the quarter. Confluence Investment Management LLC’s holdings in SJW Group were worth $2,420,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Chris Bulman Inc bought a new position in shares of SJW Group in the 2nd quarter valued at approximately $30,000. Point72 DIFC Ltd raised its position in shares of SJW Group by 81.4% in the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 316 shares during the period. nVerses Capital LLC acquired a new stake in shares of SJW Group in the third quarter worth $46,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of SJW Group by 576.5% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock worth $48,000 after buying an additional 761 shares during the period. Finally, US Bancorp DE grew its stake in SJW Group by 53.8% in the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock valued at $73,000 after buying an additional 439 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SJW shares. Bank of America initiated coverage on shares of SJW Group in a research report on Friday, September 20th. They set a “neutral” rating and a $65.00 target price for the company. Wells Fargo & Company lowered their target price on SJW Group from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Finally, StockNews.com lowered SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

SJW Group Stock Performance

NYSE:SJW opened at $48.70 on Friday. The firm’s 50-day moving average is $53.64 and its 200-day moving average is $56.35. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 3.26 and a beta of 0.62. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. SJW Group has a 52-week low of $48.67 and a 52-week high of $65.71.

SJW Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were issued a $0.40 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.60 annualized dividend and a yield of 3.29%. SJW Group’s dividend payout ratio (DPR) is 57.97%.

SJW Group 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.