Inceptionr LLC Sells 1,186 Shares of SJW Group (NYSE:SJW)

Inceptionr LLC trimmed its position in SJW Group (NYSE:SJW) by 19.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,938 shares of the utilities provider’s stock after selling 1,186 shares during the period. Inceptionr LLC’s holdings in SJW Group were worth $243,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Point72 DIFC Ltd boosted its stake in SJW Group by 81.4% in the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 316 shares during the last quarter. US Bancorp DE boosted its stake in SJW Group by 53.8% in the third quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock valued at $73,000 after acquiring an additional 439 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in SJW Group in the third quarter valued at about $140,000. Aigen Investment Management LP purchased a new position in SJW Group in the third quarter valued at about $225,000. Finally, MQS Management LLC purchased a new position in SJW Group in the third quarter valued at about $233,000. 84.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. StockNews.com upgraded shares of SJW Group from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Bank of America upgraded shares of SJW Group from a “neutral” rating to a “buy” rating and dropped their target price for the company from $59.00 to $55.00 in a research note on Monday, February 3rd. Finally, Wells Fargo & Company upped their price target on shares of SJW Group from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th.

SJW Group Stock Performance

Shares of SJW stock opened at $55.80 on Tuesday. The stock has a market capitalization of $1.88 billion, a P/E ratio of 20.22, a PEG ratio of 3.94 and a beta of 0.58. 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 firm’s 50 day moving average is $50.44 and its 200 day moving average is $54.17. SJW Group has a 12 month low of $44.91 and a 12 month high of $62.18.

SJW Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a dividend of $0.42 per share. This is a boost from SJW Group’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Monday, February 10th. SJW Group’s dividend payout ratio is presently 58.95%.

About SJW Group

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.