Point72 DIFC Ltd Buys 316 Shares of SJW Group (NYSE:SJW)

Point72 DIFC Ltd boosted its position in SJW Group (NYSE:SJW) by 81.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 704 shares of the utilities provider’s stock after acquiring an additional 316 shares during the quarter. Point72 DIFC Ltd’s holdings in SJW Group were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Cetera Advisors LLC bought a new position in shares of SJW Group during the 1st quarter valued at about $247,000. CWM LLC lifted its stake in SJW Group by 184.2% in the second quarter. CWM LLC now owns 520 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 337 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in SJW Group by 26.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 164,099 shares of the utilities provider’s stock valued at $8,897,000 after acquiring an additional 34,607 shares during the period. Raymond James & Associates grew its holdings in shares of SJW Group by 8.8% in the second quarter. Raymond James & Associates now owns 113,852 shares of the utilities provider’s stock worth $6,173,000 after purchasing an additional 9,165 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of SJW Group by 2.8% in the second quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the utilities provider’s stock valued at $802,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SJW has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on SJW Group from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. StockNews.com lowered SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, Bank of America began coverage on shares of SJW Group in a report on Friday, September 20th. They issued a “neutral” rating and a $65.00 target price for the company.

SJW Group Stock Performance

SJW stock opened at $53.14 on Tuesday. The stock’s fifty day moving average price is $56.19 and its 200-day moving average price is $56.71. The company has a market cap of $1.74 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 3.18 and a beta of 0.62. SJW Group has a 1 year low of $51.17 and a 1 year high of $70.43. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77.

SJW Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a $0.40 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.60 annualized dividend and a yield of 3.01%. SJW Group’s payout ratio is presently 57.97%.

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.