Nuance Investments LLC Cuts Holdings in SJW Group (NYSE:SJW)

Nuance Investments LLC lessened its position in shares of SJW Group (NYSE:SJW) by 23.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,204,519 shares of the utilities provider’s stock after selling 360,909 shares during the period. SJW Group makes up 2.4% of Nuance Investments LLC’s portfolio, making the stock its 16th biggest position. Nuance Investments LLC owned about 3.62% of SJW Group worth $69,995,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its holdings in shares of SJW Group by 133.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,303 shares of the utilities provider’s stock worth $1,206,000 after purchasing an additional 12,182 shares during the period. Assenagon Asset Management S.A. increased its position in shares of SJW Group by 26.7% in the second quarter. Assenagon Asset Management S.A. now owns 164,099 shares of the utilities provider’s stock worth $8,897,000 after acquiring an additional 34,607 shares in the last quarter. Boston Partners purchased a new position in shares of SJW Group in the 1st quarter valued at $597,000. Keynote Financial Services LLC acquired a new position in shares of SJW Group during the 1st quarter valued at $1,555,000. Finally, UniSuper Management Pty Ltd purchased a new stake in SJW Group during the 1st quarter worth $475,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

SJW Group Stock Up 0.6 %

SJW stock opened at $55.15 on Wednesday. The company has a market capitalization of $1.80 billion, a P/E ratio of 19.98, a PEG ratio of 3.29 and a beta of 0.63. The firm has a 50 day simple moving average of $57.35 and a 200-day simple moving average of $57.05. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.25. SJW Group has a twelve month low of $51.17 and a twelve month high of $70.43.

SJW Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Monday, November 4th. SJW Group’s payout ratio is currently 57.97%.

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.