Creative Financial Designs Inc. ADV Has $179,000 Stock Holdings in SJW Group (NYSE:SJW)

Creative Financial Designs Inc. ADV trimmed its stake in shares of SJW Group (NYSE:SJW) by 9.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,072 shares of the utilities provider’s stock after selling 324 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in SJW Group were worth $179,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SJW. Nuance Investments LLC lifted its stake in SJW Group by 17.5% during the second quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider’s stock valued at $84,877,000 after buying an additional 233,601 shares in the last quarter. Millennium Management LLC lifted its position in shares of SJW Group by 2,491.2% in the 2nd quarter. Millennium Management LLC now owns 113,781 shares of the utilities provider’s stock valued at $6,169,000 after acquiring an additional 109,390 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of SJW Group by 29.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 212,299 shares of the utilities provider’s stock valued at $12,337,000 after acquiring an additional 48,200 shares in the last quarter. Edgestream Partners L.P. acquired a new position in SJW Group in the 1st quarter worth approximately $2,424,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in SJW Group by 144.6% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 64,359 shares of the utilities provider’s stock worth $3,490,000 after purchasing an additional 38,044 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

SJW Group Trading Down 1.4 %

Shares of NYSE:SJW opened at $54.89 on Monday. The firm has a fifty day moving average of $58.25 and a two-hundred day moving average of $56.96. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. SJW Group has a 12-month low of $51.17 and a 12-month high of $70.43. The firm has a market capitalization of $1.83 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 3.37 and a beta of 0.63.

SJW Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a $0.40 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a yield of 2.91%. SJW Group’s dividend payout ratio (DPR) is currently 57.97%.

Analyst Upgrades and Downgrades

SJW has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price on SJW Group from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Bank of America initiated coverage on SJW Group in a research note on Friday, September 20th. They issued a “neutral” rating and a $65.00 price objective for the company. Finally, StockNews.com cut SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

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.