XTX Topco Ltd Takes Position in SJW Group (NYSE:SJW)

XTX Topco Ltd acquired a new stake in shares of SJW Group (NYSE:SJW) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,982 shares of the utilities provider’s stock, valued at approximately $464,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CWM LLC raised its position in shares of SJW Group by 184.2% during the 2nd quarter. CWM LLC now owns 520 shares of the utilities provider’s stock valued at $28,000 after buying an additional 337 shares in the last quarter. Chris Bulman Inc purchased a new position in SJW Group in the 2nd quarter worth $30,000. Point72 DIFC Ltd raised its position in SJW Group by 81.4% in the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 316 shares during the period. nVerses Capital LLC purchased a new position in SJW Group in the 3rd quarter worth $46,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in SJW Group by 576.5% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 761 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Analysts Set New Price Targets

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

SJW Group Price Performance

SJW stock opened at $54.33 on Friday. The firm’s 50-day moving average price is $55.86 and its two-hundred day moving average price is $56.66. SJW Group has a 12-month low of $51.17 and a 12-month high of $70.43. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 3.20 and a beta of 0.62. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Monday, November 4th. SJW Group’s payout ratio is 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.