SJW Group (SJW) Stake Lessened by Zebra Capital Management LLC
Zebra Capital Management LLC reduced its position in shares of SJW Group (NYSE:SJW) by 40.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,509 shares of the utilities provider’s stock after selling 5,154 shares during the period. Zebra Capital Management LLC’s holdings in SJW Group were worth $497,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new stake in shares of SJW Group during the 2nd quarter worth $207,000. Xact Kapitalforvaltning AB purchased a new stake in shares of SJW Group during the 1st quarter worth $214,000. Brookstone Capital Management purchased a new stake in shares of SJW Group during the 2nd quarter worth $227,000. Raymond James & Associates purchased a new stake in shares of SJW Group during the 2nd quarter worth $309,000. Finally, Trexquant Investment LP lifted its position in shares of SJW Group by 23.4% during the 1st quarter. Trexquant Investment LP now owns 6,715 shares of the utilities provider’s stock worth $354,000 after purchasing an additional 1,272 shares during the last quarter. 57.95% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:SJW opened at $59.64 on Tuesday. SJW Group has a 12 month low of $51.26 and a 12 month high of $69.29. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.93. The firm has a market cap of $1.23 billion, a P/E ratio of 26.39 and a beta of 0.04.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Monday, August 6th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, August 3rd. This represents a $1.12 annualized dividend and a yield of 1.88%. SJW Group’s dividend payout ratio is currently 49.56%.
Several research firms have recently issued reports on SJW. Janney Montgomery Scott raised shares of SJW Group from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Monday, September 10th. Zacks Investment Research raised shares of SJW Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Evercore ISI began coverage on shares of SJW Group in a research report on Monday. They set an “in-line” rating and a $59.00 price objective for the company. Finally, ValuEngine raised shares of SJW Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th.
About SJW Group
SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.
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