SJW Group (NYSE:SJW) Shares Gap Down - Should You Sell?

SJW Group (NYSE:SJW - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $54.69, but opened at $53.40. SJW Group shares last traded at $54.24, with a volume of 15,955 shares.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SJW. StockNews.com raised SJW Group from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Bank of America upgraded SJW Group from a "neutral" rating to a "buy" rating and lowered their price target for the company from $59.00 to $55.00 in a research report on Monday, February 3rd. Finally, Wells Fargo & Company increased their price objective on SJW Group from $53.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th.

SJW Group Stock Performance

The stock has a 50-day moving average of $52.57 and a 200 day moving average of $53.52. The firm has a market capitalization of $1.84 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 3.94 and a beta of 0.58. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77.

SJW Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Monday, February 10th. This is a boost from SJW Group's previous quarterly dividend of $0.40. SJW Group's dividend payout ratio is presently 58.95%.

Remove Ads

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. First Trust Advisors LP increased its position in SJW Group by 197.0% in the 4th quarter. First Trust Advisors LP now owns 1,317,721 shares of the utilities provider's stock valued at $64,858,000 after acquiring an additional 873,973 shares in the last quarter. Norges Bank acquired a new stake in shares of SJW Group in the fourth quarter valued at approximately $10,255,000. JPMorgan Chase & Co. raised its position in SJW Group by 131.4% in the 4th quarter. JPMorgan Chase & Co. now owns 153,687 shares of the utilities provider's stock worth $7,564,000 after purchasing an additional 87,260 shares during the last quarter. Vanguard Group Inc. lifted its holdings in SJW Group by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 2,617,642 shares of the utilities provider's stock worth $128,840,000 after buying an additional 72,081 shares in the last quarter. Finally, Nuance Investments LLC lifted its holdings in SJW Group by 4.3% during the 4th quarter. Nuance Investments LLC now owns 1,256,548 shares of the utilities provider's stock worth $61,872,000 after buying an additional 52,029 shares in the last quarter. 84.29% of the stock is owned by institutional investors.

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.