SJW Group (NYSE:SJW) Shares Sold by KBC Group NV

KBC Group NV lessened its stake in SJW Group (NYSE:SJW) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 410,130 shares of the utilities provider’s stock after selling 64,177 shares during the quarter. KBC Group NV’s holdings in SJW Group were worth $20,187,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Point72 DIFC Ltd raised its position in shares of SJW Group by 81.4% in the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock worth $41,000 after buying an additional 316 shares during the period. nVerses Capital LLC acquired a new stake in SJW Group during the third quarter worth about $46,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of SJW Group by 576.5% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 761 shares during the period. US Bancorp DE lifted its stake in shares of SJW Group by 53.8% in the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 439 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of SJW Group during the 3rd quarter worth about $140,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SJW has been the topic of several research reports. StockNews.com lowered shares of SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Wells Fargo & Company reduced their target price on shares of SJW Group from $61.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th.

SJW Group Stock Performance

SJW Group stock opened at $50.67 on Wednesday. The firm has a market capitalization of $1.66 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 3.37 and a beta of 0.65. SJW Group has a one year low of $44.91 and a one year high of $62.18. The stock’s 50 day moving average price is $50.65 and its 200 day moving average price is $55.53. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77.

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.