SJW Group (NYSE:SJW) Sets New 12-Month Low – What’s Next?

SJW Group (NYSE:SJW) shares hit a new 52-week low on Tuesday . The company traded as low as $48.83 and last traded at $49.07, with a volume of 309626 shares changing hands. The stock had previously closed at $50.20.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SJW. Bank of America assumed 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. StockNews.com cut SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Wells Fargo & Company cut their price target on SJW Group from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th.

SJW Group Stock Up 1.0 %

The stock’s fifty day moving average price is $54.76 and its 200-day moving average price is $56.50. 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 company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 3.26 and a beta of 0.62.

SJW Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders 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 annualized dividend and a yield of 3.23%. SJW Group’s dividend payout ratio (DPR) is presently 57.97%.

Hedge Funds Weigh In On SJW Group

Several hedge funds have recently modified their holdings of SJW. Duff & Phelps Investment Management Co. acquired a new position in SJW Group during the third quarter valued at approximately $1,593,000. Nuance Investments LLC raised its stake in shares of SJW Group by 17.5% during the 2nd quarter. Nuance Investments LLC now owns 1,565,428 shares of the utilities provider’s stock worth $84,877,000 after purchasing an additional 233,601 shares in the last quarter. Geode Capital Management LLC boosted 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 valued at $42,006,000 after buying an additional 13,614 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of SJW Group by 5.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 369,967 shares of the utilities provider’s stock valued at $21,499,000 after buying an additional 20,646 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in SJW Group during the third quarter worth $620,000. Institutional investors own 84.29% of the company’s stock.

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.