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

SJW Group (NYSE:SJW - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $48.78 and last traded at $49.01, with a volume of 9710 shares trading hands. The stock had previously closed at $49.38.

Analysts Set New Price Targets

SJW has been the topic of a number of recent research reports. Wells Fargo & Company cut their price target on shares of SJW Group from $63.00 to $61.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 29th. Bank of America assumed coverage on SJW Group in a report on Friday, September 20th. They set a "neutral" rating and a $65.00 target price on the stock. Finally, StockNews.com cut SJW Group from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th.

SJW Group Stock Up 0.3 %

The stock's 50-day simple moving average is $54.37 and its 200 day simple moving average is $56.49. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. The firm has a market cap of $1.62 billion, a P/E ratio of 17.95, a PEG ratio of 3.26 and a beta of 0.62.

SJW Group Dividend Announcement

The firm also recently announced 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 3.23%. SJW Group's dividend payout ratio is currently 57.97%.

Hedge Funds Weigh In On SJW Group

Several institutional investors have recently added to or reduced their stakes in SJW. Chris Bulman Inc bought a new stake in shares of SJW Group in the 2nd quarter valued at $30,000. Point72 DIFC Ltd increased its stake in 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 purchasing an additional 316 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of SJW Group during the third quarter valued at about $46,000. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of SJW Group by 576.5% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider's stock worth $48,000 after purchasing an additional 761 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of SJW Group by 53.8% in the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider's stock valued at $73,000 after buying an additional 439 shares during the period. 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.