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

SJW Group (NYSE:SJW - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $48.83 and last traded at $49.07, with a volume of 309626 shares changing hands. The stock had previously closed at $50.20.

Analyst Ratings Changes

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

SJW Group Stock Up 1.0 %

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 business's fifty day moving average price is $54.98 and its two-hundred day moving average price is $56.54. The stock has a market capitalization of $1.62 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 3.26 and a beta of 0.62.

SJW Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 annualized dividend and a yield of 3.23%. SJW Group's payout ratio is presently 57.97%.

Institutional Investors Weigh In On SJW Group

A number of large investors have recently bought and sold shares of SJW. Duff & Phelps Investment Management Co. acquired a new position in SJW Group during the third quarter valued at $1,593,000. Nuance Investments LLC raised its stake in shares of SJW Group by 17.5% during the 2nd quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider's stock valued at $84,877,000 after buying an additional 233,601 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of SJW Group by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider's stock valued at $21,499,000 after buying an additional 20,646 shares during the period. Geode Capital Management LLC boosted its stake in shares of SJW Group by 1.9% in the third quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider's stock worth $42,006,000 after buying an additional 13,614 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in SJW Group during the third quarter worth about $620,000. Hedge funds and other 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.