SJW Group (NYSE:SJW) Sets New 52-Week Low – Should You Sell?

Shares of SJW Group (NYSE:SJW) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $47.80 and last traded at $48.12, with a volume of 9337 shares. The stock had previously closed at $48.27.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Bank of America started coverage on SJW Group in a research report on Friday, September 20th. They issued a “neutral” rating and a $65.00 target price on the stock. StockNews.com lowered SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Wells Fargo & Company cut their price objective on shares of 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.

SJW Group Stock Down 1.1 %

The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 3.26 and a beta of 0.65. The stock’s 50 day moving average is $53.48 and its 200 day moving average is $56.38. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25.

SJW Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, November 4th. This represents a $1.60 annualized dividend and a yield of 3.35%. SJW Group’s dividend payout ratio is currently 57.97%.

Institutional Investors Weigh In On SJW Group

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

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.