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

SJW Group (NYSE:SJW - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as $47.80 and last traded at $48.12, with a volume of 9337 shares trading hands. The stock had previously closed at $48.27.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Bank of America initiated coverage on shares of SJW Group in a research report on Friday, September 20th. They set a "neutral" rating and a $65.00 price objective for the company. Wells Fargo & Company lowered their price objective on SJW Group from $63.00 to $61.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th. Finally, StockNews.com lowered SJW Group from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th.

SJW Group Trading Down 2.3 %

The firm's 50 day simple moving average is $53.48 and its two-hundred day simple moving average is $56.38. The stock has a market capitalization of $1.54 billion, a P/E ratio of 17.08, a P/E/G ratio of 3.26 and a beta of 0.65. 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 company also recently declared 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. This represents a $1.60 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date was Monday, November 4th. SJW Group's dividend payout ratio (DPR) is currently 57.97%.

Institutional Investors Weigh In On SJW Group

Several hedge funds and other institutional investors have recently modified their holdings of SJW. Nuance Investments LLC increased its stake in 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 purchasing an additional 233,601 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of SJW Group by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 722,734 shares of the utilities provider's stock worth $42,006,000 after acquiring an additional 13,614 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 worth $21,499,000 after acquiring an additional 20,646 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in 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 valued at $12,337,000 after acquiring an additional 48,200 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in SJW Group by 2,491.2% during the 2nd quarter. Millennium Management LLC now owns 113,781 shares of the utilities provider's stock valued at $6,169,000 after purchasing an additional 109,390 shares during the last quarter. 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.