SJW Group (NYSE:SJW) Stock Price Down 4.2% – Time to Sell?

SJW Group (NYSE:SJW)’s share price was down 4.2% during mid-day trading on Wednesday . The stock traded as low as $46.07 and last traded at $46.20. Approximately 53,377 shares changed hands during trading, a decline of 75% from the average daily volume of 214,918 shares. The stock had previously closed at $48.22.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of SJW Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Wells Fargo & Company lowered their price target on shares of SJW Group from $61.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th.

SJW Group Trading Down 4.4 %

The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 3.52 and a beta of 0.65. The firm has a fifty day moving average price of $51.35 and a 200-day moving average price of $55.82. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Monday, November 4th. SJW Group’s payout ratio is presently 57.97%.

Institutional Trading of SJW Group

Large investors have recently made changes to their positions in the company. Point72 DIFC Ltd boosted its stake in shares of SJW Group by 81.4% during the third quarter. Point72 DIFC Ltd now owns 704 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 316 shares in the last quarter. 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. 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. Finally, Meeder Asset Management Inc. acquired a new position in shares of SJW Group during the third quarter worth $140,000. Institutional investors and hedge funds 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.