SJW Group (NYSE:SJW) Short Interest Down 14.8% in December

SJW Group (NYSE:SJW) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 463,100 shares, a decline of 14.8% from the November 30th total of 543,300 shares. Based on an average daily trading volume, of 223,500 shares, the days-to-cover ratio is currently 2.1 days.

Wall Street Analyst Weigh In

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

SJW Group Trading Down 1.2 %

Shares of NYSE:SJW traded down $0.58 during trading on Friday, reaching $49.38. The company’s stock had a trading volume of 220,794 shares, compared to its average volume of 195,643. The firm’s 50 day simple moving average is $54.37 and its two-hundred day simple moving average is $56.43. 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 has a 12 month low of $48.83 and a 12 month high of $66.41. The stock has a market capitalization of $1.62 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 3.26 and a beta of 0.62.

SJW Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Monday, November 4th. SJW Group’s dividend payout ratio is currently 57.97%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Chris Bulman Inc purchased a new position in shares of SJW Group during the 2nd quarter worth about $30,000. Point72 DIFC Ltd grew its stake in shares of SJW Group by 81.4% during the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after buying an additional 316 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of SJW Group in the third quarter worth approximately $46,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of SJW Group by 576.5% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock worth $48,000 after buying an additional 761 shares during the period. Finally, US Bancorp DE lifted its stake in shares of SJW Group by 53.8% during the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 439 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

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.