SJW Group (NYSE:SJW) Hits New 12-Month Low – Should You Sell?

SJW Group (NYSE:SJW)’s share price hit a new 52-week low on Monday . The stock traded as low as $45.03 and last traded at $45.06, with a volume of 29714 shares. The stock had previously closed at $45.47.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SJW shares. Bank of America started coverage on SJW Group in a research note on Friday, September 20th. They issued a “neutral” rating and a $65.00 price target for the company. StockNews.com downgraded SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company dropped their price target on SJW Group from $61.00 to $53.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th.

SJW Group Trading Up 0.6 %

The stock has a market cap of $1.50 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 3.26 and a beta of 0.65. The stock has a 50-day moving average price of $52.52 and a two-hundred day moving average price of $56.15. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77.

SJW Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Monday, November 4th. SJW Group’s dividend payout ratio (DPR) is presently 57.97%.

Institutional Trading of SJW Group

Several hedge funds have recently made changes to their positions in the business. Point72 DIFC Ltd raised its stake in shares of SJW Group by 81.4% in the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 316 shares during the period. nVerses Capital LLC bought a new stake in shares of SJW Group in the third quarter valued at about $46,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in 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 acquiring an additional 761 shares during the period. US Bancorp DE grew its holdings in 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 in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in SJW Group during the 3rd quarter valued at about $140,000. 84.29% of the stock is currently 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.