SJW Group (SJW) Position Cut by Chatham Capital Group Inc.

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Chatham Capital Group Inc. cut its position in shares of SJW Group (NYSE:SJW) by 1.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 24,251 shares of the utilities provider’s stock after selling 423 shares during the quarter. Chatham Capital Group Inc.’s holdings in SJW Group were worth $1,497,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Great West Life Assurance Co. Can increased its position in SJW Group by 7.7% during the first quarter. Great West Life Assurance Co. Can now owns 12,416 shares of the utilities provider’s stock worth $764,000 after purchasing an additional 893 shares during the last quarter. JPMorgan Chase & Co. increased its position in SJW Group by 2.2% during the first quarter. JPMorgan Chase & Co. now owns 16,299 shares of the utilities provider’s stock worth $1,006,000 after purchasing an additional 358 shares during the last quarter. Spark Investment Management LLC increased its position in SJW Group by 115.5% during the first quarter. Spark Investment Management LLC now owns 34,700 shares of the utilities provider’s stock worth $2,142,000 after purchasing an additional 18,600 shares during the last quarter. Independent Advisor Alliance increased its position in SJW Group by 15.4% during the first quarter. Independent Advisor Alliance now owns 14,235 shares of the utilities provider’s stock worth $879,000 after purchasing an additional 1,898 shares during the last quarter. Finally, Maple Brown Abbott Ltd increased its position in SJW Group by 6.9% during the first quarter. Maple Brown Abbott Ltd now owns 447,560 shares of the utilities provider’s stock worth $27,776,000 after purchasing an additional 28,750 shares during the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on SJW. Zacks Investment Research cut shares of SJW Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 18th. ValuEngine cut shares of SJW Group from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. UBS Group initiated coverage on shares of SJW Group in a research report on Wednesday, May 15th. They set a “neutral” rating and a $64.00 price target for the company. Finally, Wells Fargo & Co initiated coverage on shares of SJW Group in a research report on Monday, January 28th. They set an “outperform” rating and a $70.00 price target for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $65.60.

Shares of SJW opened at $63.40 on Thursday. SJW Group has a 1-year low of $51.82 and a 1-year high of $68.42. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 24.49, a P/E/G ratio of 4.48 and a beta of 0.06. The company has a quick ratio of 5.63, a current ratio of 5.63 and a debt-to-equity ratio of 0.58.

SJW Group (NYSE:SJW) last announced its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.13. SJW Group had a net margin of 10.83% and a return on equity of 8.37%. The business had revenue of $77.68 million during the quarter, compared to analysts’ expectations of $77.00 million. As a group, equities research analysts predict that SJW Group will post 2.35 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 6th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, May 3rd. SJW Group’s dividend payout ratio is presently 47.81%.

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SJW Group Company 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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