SJW Group (NYSE:SJW) Hits New 1-Year Low – Should You Sell?

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

Analysts Set New Price Targets

A number of research analysts have commented on SJW shares. StockNews.com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Bank of America assumed 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. Finally, Wells Fargo & Company cut their price objective on SJW Group from $61.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th.

SJW Group Trading Up 0.8 %

The stock has a market cap of $1.52 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 3.26 and a beta of 0.65. The firm’s 50 day simple moving average is $52.15 and its two-hundred day simple moving average is $56.04. 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 firm also recently disclosed 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 3.44%. SJW Group’s dividend payout ratio (DPR) is 57.97%.

Hedge Funds Weigh In On SJW Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its position in SJW Group by 162.6% during the 3rd quarter. Franklin Resources Inc. now owns 42,810 shares of the utilities provider’s stock valued at $2,504,000 after purchasing an additional 26,505 shares during the period. Geode Capital Management LLC boosted its holdings in shares of SJW Group by 1.9% during the third quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider’s stock valued at $42,006,000 after acquiring an additional 13,614 shares during the period. Duff & Phelps Investment Management Co. bought a new position in shares of SJW Group during the third quarter worth about $1,593,000. Barclays PLC increased its holdings in shares of SJW Group by 376.0% in the 3rd quarter. Barclays PLC now owns 60,140 shares of the utilities provider’s stock worth $3,495,000 after acquiring an additional 47,506 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in SJW Group during the 3rd quarter valued at about $594,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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.