Creative Financial Designs Inc. ADV Sells 893 Shares of SJW Group (NYSE:SJW)

Creative Financial Designs Inc. ADV decreased its holdings in shares of SJW Group (NYSE:SJW) by 29.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,179 shares of the utilities provider’s stock after selling 893 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in SJW Group were worth $107,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SJW. Barclays PLC grew its stake in shares of SJW Group by 376.0% during the third quarter. Barclays PLC now owns 60,140 shares of the utilities provider’s stock valued at $3,495,000 after buying an additional 47,506 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of SJW Group in the fourth quarter valued at approximately $1,942,000. Edgestream Partners L.P. boosted its holdings in shares of SJW Group by 120.1% in the third quarter. Edgestream Partners L.P. now owns 52,072 shares of the utilities provider’s stock valued at $3,026,000 after purchasing an additional 28,417 shares during the period. Duff & Phelps Investment Management Co. purchased a new stake in shares of SJW Group in the third quarter valued at approximately $1,593,000. Finally, Franklin Resources Inc. boosted its holdings in shares of SJW Group by 162.6% in the third quarter. Franklin Resources Inc. now owns 42,810 shares of the utilities provider’s stock valued at $2,504,000 after purchasing an additional 26,505 shares during the period. Institutional investors own 84.29% of the company’s stock.

SJW Group Stock Down 0.6 %

SJW Group stock opened at $52.14 on Friday. The business has a fifty day moving average of $51.35 and a two-hundred day moving average of $53.94. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. The firm has a market cap of $1.76 billion, a P/E ratio of 18.89, a P/E/G ratio of 3.94 and a beta of 0.58. SJW Group has a twelve month low of $44.91 and a twelve month high of $62.18.

SJW Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.68 dividend on an annualized basis and a yield of 3.22%. This is a positive change from SJW Group’s previous quarterly dividend of $0.40. SJW Group’s dividend payout ratio is currently 58.95%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SJW. Wells Fargo & Company boosted their price target on SJW Group from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. StockNews.com upgraded SJW Group from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Finally, Bank of America upgraded SJW Group from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $59.00 to $55.00 in a report on Monday, February 3rd.

SJW Group 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.