Cornerstone Capital Management Holdings LLC. Decreases Stake in SJW Group (SJW)

Cornerstone Capital Management Holdings LLC. reduced its holdings in SJW Group (NYSE:SJW) by 14.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 62,937 shares of the utilities provider’s stock after selling 10,500 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in SJW Group were worth $4,016,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SJW. Nationwide Fund Advisors lifted its stake in shares of SJW Group by 5.7% in the third quarter. Nationwide Fund Advisors now owns 26,480 shares of the utilities provider’s stock worth $1,499,000 after buying an additional 1,437 shares in the last quarter. Prudential Financial Inc. raised its stake in SJW Group by 16.2% during the third quarter. Prudential Financial Inc. now owns 123,878 shares of the utilities provider’s stock worth $7,011,000 after purchasing an additional 17,287 shares during the period. Russell Investments Group Ltd. raised its stake in SJW Group by 58.3% during the third quarter. Russell Investments Group Ltd. now owns 45,685 shares of the utilities provider’s stock worth $2,586,000 after purchasing an additional 16,828 shares during the period. Macquarie Group Ltd. raised its stake in SJW Group by 411.4% during the third quarter. Macquarie Group Ltd. now owns 11,251 shares of the utilities provider’s stock worth $637,000 after purchasing an additional 9,051 shares during the period. Finally, American International Group Inc. raised its stake in SJW Group by 8.1% during the third quarter. American International Group Inc. now owns 10,969 shares of the utilities provider’s stock worth $621,000 after purchasing an additional 821 shares during the period. 55.05% of the stock is currently owned by hedge funds and other institutional investors.

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SJW stock opened at $51.96 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.79 and a current ratio of 0.79. SJW Group has a 52 week low of $45.39 and a 52 week high of $69.29. The company has a market cap of $1,102.71, a PE ratio of 18.17 and a beta of 0.23.

SJW Group (NYSE:SJW) last issued its earnings results on Wednesday, February 21st. The utilities provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. SJW Group had a net margin of 15.21% and a return on equity of 10.57%. The company had revenue of $93.53 million for the quarter, compared to the consensus estimate of $83.00 million. equities analysts predict that SJW Group will post 2.52 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Monday, February 12th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, February 9th. This is an increase from SJW Group’s previous quarterly dividend of $0.22. This represents a $1.12 dividend on an annualized basis and a yield of 2.16%. SJW Group’s payout ratio is 39.16%.

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SJW Group Profile

SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.

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Institutional Ownership by Quarter for SJW Group (NYSE:SJW)

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