SJW Group (NYSE:SJW) Hits New 52-Week Low - Time to Sell?

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

Wall Street Analysts Forecast Growth

SJW has been the subject of several analyst reports. StockNews.com downgraded shares of SJW Group from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th. Wells Fargo & Company decreased 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. Finally, 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 price objective on the stock.

SJW Group Trading Up 0.8 %

The stock's 50-day moving average price is $52.34 and its 200 day moving average price is $56.10. 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 firm has a market capitalization of $1.50 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 3.26 and a beta of 0.65.

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 $0.40 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 3.49%. SJW Group's dividend payout ratio (DPR) is 57.97%.

Institutional Trading of SJW Group

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in SJW Group by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider's stock valued at $42,006,000 after buying an additional 13,614 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of SJW Group by 5.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider's stock valued at $21,499,000 after purchasing an additional 20,646 shares during the period. Assenagon Asset Management S.A. increased its position in SJW Group by 29.4% during the third quarter. Assenagon Asset Management S.A. now owns 212,299 shares of the utilities provider's stock worth $12,337,000 after purchasing an additional 48,200 shares during the last quarter. Millennium Management LLC raised its stake in 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 purchasing an additional 109,390 shares during the period. Finally, FMR LLC boosted its holdings in SJW Group by 37.5% in the 3rd quarter. FMR LLC now owns 92,386 shares of the utilities provider's stock valued at $5,369,000 after purchasing an additional 25,212 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

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.