SJW Group (NYSE:SJW) Hits New 52-Week Low – What’s Next?

SJW Group (NYSE:SJW)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $47.80 and last traded at $48.12, with a volume of 9337 shares. The stock had previously closed at $48.27.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SJW shares. StockNews.com cut SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Wells Fargo & Company reduced their price objective on SJW Group from $61.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Bank of America assumed coverage on SJW Group in a research note on Friday, September 20th. They set a “neutral” rating and a $65.00 target price for the company.

SJW Group Trading Down 0.7 %

The business’s 50 day simple moving average is $53.08 and its two-hundred day simple moving average is $56.30. The stock has a market cap of $1.53 billion, a P/E ratio of 16.96, a PEG 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 disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were given a dividend of $0.40 per share. The ex-dividend date was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a yield of 3.42%. SJW Group’s dividend payout ratio is currently 57.97%.

Hedge Funds Weigh In On SJW Group

Several large investors have recently bought and sold shares of SJW. Chris Bulman Inc bought a new stake in shares of SJW Group during the second quarter worth about $30,000. Point72 DIFC Ltd boosted its position in SJW Group by 81.4% during the 3rd quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock worth $41,000 after buying an additional 316 shares during the period. nVerses Capital LLC bought a new stake in SJW Group during the 3rd quarter worth approximately $46,000. Point72 Asia Singapore Pte. Ltd. increased its position in SJW Group by 576.5% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 761 shares during the period. Finally, US Bancorp DE raised its stake in shares of SJW Group by 53.8% during the third quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock valued at $73,000 after acquiring an additional 439 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

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.