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

SJW Group (NYSE:SJW) shares reached a new 52-week low on Monday . The stock 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.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SJW shares. Wells Fargo & Company cut 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 note on Tuesday, October 29th. Bank of America initiated coverage on SJW Group in a research note on Friday, September 20th. They set a “neutral” rating and a $65.00 price objective on the stock. Finally, StockNews.com lowered SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

SJW Group Stock Down 1.1 %

The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77. The stock’s fifty day simple moving average is $53.48 and its two-hundred day simple moving average is $56.38. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 3.26 and a beta of 0.65.

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 issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.35%. 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 stock. Nuance Investments LLC increased its position in SJW Group by 17.5% in the second quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider’s stock worth $84,877,000 after buying an additional 233,601 shares during the period. Millennium Management LLC grew its position in shares of SJW Group by 2,491.2% during the second quarter. Millennium Management LLC now owns 113,781 shares of the utilities provider’s stock worth $6,169,000 after acquiring an additional 109,390 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings 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 worth $12,337,000 after acquiring an additional 48,200 shares during the period. Barclays PLC lifted its position in SJW Group by 376.0% in the 3rd quarter. Barclays PLC now owns 60,140 shares of the utilities provider’s stock valued at $3,495,000 after purchasing an additional 47,506 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in SJW Group by 445.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 45,946 shares of the utilities provider’s stock valued at $2,491,000 after purchasing an additional 37,521 shares during the period. Institutional investors own 84.29% of the company’s stock.

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.