SJW Group (SJW) Shares Sold by JPMorgan Chase & Co.
JPMorgan Chase & Co. cut its position in shares of SJW Group (NYSE:SJW) by 43.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,348 shares of the utilities provider’s stock after selling 31,463 shares during the quarter. JPMorgan Chase & Co.’s holdings in SJW Group were worth $2,375,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in SJW. BNP Paribas Arbitrage SA increased its position in SJW Group by 352.5% in the second quarter. BNP Paribas Arbitrage SA now owns 2,647 shares of the utilities provider’s stock worth $130,000 after buying an additional 2,062 shares during the period. Victory Capital Management Inc. increased its position in SJW Group by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,211 shares of the utilities provider’s stock worth $158,000 after buying an additional 482 shares during the period. SG Americas Securities LLC acquired a new stake in SJW Group in the second quarter worth $179,000. Advisors Asset Management Inc. increased its position in SJW Group by 4.2% in the second quarter. Advisors Asset Management Inc. now owns 3,965 shares of the utilities provider’s stock worth $195,000 after buying an additional 161 shares during the period. Finally, Principal Financial Group Inc. increased its position in SJW Group by 1.2% in the second quarter. Principal Financial Group Inc. now owns 4,220 shares of the utilities provider’s stock worth $208,000 after buying an additional 49 shares during the period. Hedge funds and other institutional investors own 54.57% of the company’s stock.
Separately, Zacks Investment Research raised SJW Group from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Tuesday, October 31st.
Shares of SJW Group (SJW) opened at $60.82 on Friday. The firm has a market capitalization of $1,250.00, a price-to-earnings ratio of 22.61 and a beta of 0.18. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. SJW Group has a 52-week low of $45.39 and a 52-week high of $69.29.
SJW Group (NYSE:SJW) last issued its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.15. The company had revenue of $124.58 million for the quarter, compared to analyst estimates of $107.00 million. SJW Group had a return on equity of 11.81% and a net margin of 14.83%. equities analysts anticipate that SJW Group will post 2.48 EPS for the current fiscal year.
The firm also recently declared a special dividend, which was paid on Monday, December 11th. Stockholders of record on Wednesday, November 29th were issued a dividend of $0.17 per share. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, November 28th. SJW Group’s dividend payout ratio (DPR) is 32.34%.
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SJW Group Profile
SJW Group, formerly SJW Corp., is a holding company. The Company’s subsidiaries include San Jose Water Company, SJWTX, Inc, SJW Land Company and Texas Water Alliance Limited (TWA). SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). It operates through the segments, which include Water Utility Services, Real Estate Services and All Other.
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