Wedge Capital Management L L P NC Sells 1,820 Shares of SJW Group (SJW)

Wedge Capital Management L L P NC lowered its stake in shares of SJW Group (NYSE:SJW) by 18.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,859 shares of the utilities provider’s stock after selling 1,820 shares during the quarter. Wedge Capital Management L L P NC’s holdings in SJW Group were worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. boosted its position in SJW Group by 651.5% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,029 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 1,759 shares in the last quarter. Principal Financial Group Inc. raised its stake 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 valued at $208,000 after buying an additional 49 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in SJW Group by 14.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 5,296 shares of the utilities provider’s stock valued at $260,000 after buying an additional 664 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in SJW Group in the second quarter valued at about $266,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in SJW Group by 26.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,927 shares of the utilities provider’s stock valued at $341,000 after buying an additional 1,461 shares during the last quarter. 54.47% of the stock is currently owned by institutional investors.

Shares of SJW Group (NYSE SJW) opened at $52.73 on Friday. 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 12 month low of $45.39 and a 12 month high of $69.29. The company has a market capitalization of $1,106.69, a PE ratio of 19.60 and a beta of 0.10.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be paid a $0.28 dividend. The ex-dividend date is Friday, February 9th. This is a boost from SJW Group’s previous quarterly dividend of $0.22. This represents a $1.12 dividend on an annualized basis and a yield of 2.12%. SJW Group’s dividend payout ratio (DPR) is 32.34%.

Separately, Zacks Investment Research upgraded SJW Group from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Tuesday, October 31st.

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

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