SJW Group (NYSE:SJW) Hits New 1-Year Low – What’s Next?

SJW Group (NYSE:SJW)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $51.10 and last traded at $51.30, with a volume of 128602 shares. The stock had previously closed at $53.47.

Wall Street Analysts Forecast Growth

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

SJW Group Stock Down 1.7 %

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 50 day moving average of $55.50 and a 200 day moving average of $56.60. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 3.26 and a beta of 0.62.

SJW Group Announces Dividend

The business also recently disclosed 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. This represents a $1.60 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Monday, November 4th. SJW Group’s dividend payout ratio (DPR) is presently 57.97%.

Institutional Trading of SJW Group

A number of large investors have recently bought and sold shares of SJW. CWM LLC grew its stake in SJW Group by 184.2% in the 2nd quarter. CWM LLC now owns 520 shares of the utilities provider’s stock valued at $28,000 after buying an additional 337 shares in the last quarter. Chris Bulman Inc purchased a new position in shares of SJW Group in the second quarter worth about $30,000. Point72 DIFC Ltd grew 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 acquiring an additional 316 shares during the last quarter. nVerses Capital LLC bought a new stake in SJW Group in the third quarter valued at approximately $46,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in SJW Group by 576.5% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 893 shares of the utilities provider’s stock valued at $48,000 after buying an additional 761 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other 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.