7,982 Shares in SJW Group (NYSE:SJW) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new position in shares of SJW Group (NYSE:SJW) in the third quarter, HoldingsChannel reports. The firm bought 7,982 shares of the utilities provider’s stock, valued at approximately $464,000.

Several other institutional investors have also bought and sold shares of the business. Zimmer Partners LP bought a new position in SJW Group during the third quarter valued at $1,453,000. Point72 DIFC Ltd lifted its position in SJW Group by 81.4% during the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 316 shares during the last quarter. Centiva Capital LP bought a new position in SJW Group during the third quarter valued at $503,000. Atom Investors LP lifted its position in SJW Group by 4.1% during the third quarter. Atom Investors LP now owns 52,507 shares of the utilities provider’s stock valued at $3,051,000 after purchasing an additional 2,075 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its position in SJW Group by 120.1% during the third quarter. Edgestream Partners L.P. now owns 52,072 shares of the utilities provider’s stock valued at $3,026,000 after purchasing an additional 28,417 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

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

SJW Group Trading Up 1.5 %

Shares of SJW opened at $54.33 on Friday. SJW Group has a twelve month low of $51.17 and a twelve month high of $70.43. The company has a market cap of $1.78 billion, a P/E ratio of 19.68, a P/E/G ratio of 3.20 and a beta of 0.62. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. The company’s fifty day simple moving average is $55.86 and its 200-day simple moving average is $56.66.

SJW Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Monday, November 4th. SJW Group’s dividend payout ratio is currently 57.97%.

SJW Group 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.