Keynote Financial Services LLC Decreases Position in SJW Group (NYSE:SJW)

Keynote Financial Services LLC trimmed its stake in SJW Group (NYSE:SJW) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,420 shares of the utilities provider’s stock after selling 325 shares during the period. SJW Group makes up about 1.3% of Keynote Financial Services LLC’s portfolio, making the stock its 16th biggest position. Keynote Financial Services LLC’s holdings in SJW Group were worth $1,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of SJW. State Board of Administration of Florida Retirement System grew its holdings in SJW Group by 133.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,303 shares of the utilities provider’s stock valued at $1,206,000 after purchasing an additional 12,182 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of SJW Group by 26.7% during the second quarter. Assenagon Asset Management S.A. now owns 164,099 shares of the utilities provider’s stock valued at $8,897,000 after buying an additional 34,607 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of SJW Group by 16.2% during the first quarter. ProShare Advisors LLC now owns 142,844 shares of the utilities provider’s stock valued at $8,084,000 after buying an additional 19,925 shares during the last quarter. Boston Partners purchased a new stake in shares of SJW Group in the first quarter worth approximately $597,000. Finally, UniSuper Management Pty Ltd bought a new stake in shares of SJW Group during the 1st quarter worth approximately $475,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

SJW Group Trading Down 1.3 %

Shares of NYSE SJW opened at $55.87 on Friday. SJW Group has a twelve month low of $51.17 and a twelve month high of $70.43. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. The business has a fifty day simple moving average of $58.03 and a two-hundred day simple moving average of $57.00. The firm has a market cap of $1.86 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 3.30 and a beta of 0.63.

SJW Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Monday, November 4th. SJW Group’s dividend payout ratio (DPR) is presently 57.97%.

Wall Street Analysts Forecast Growth

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

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.