SJW Group (NYSE:SJW) Sets New 1-Year Low at $54.23

Shares of SJW Group (NYSE:SJW - Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $54.23 and last traded at $55.04, with a volume of 23665 shares. The stock had previously closed at $54.81.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company boosted their price objective on shares of SJW Group from $61.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, February 23rd. Seaport Res Ptn raised shares of SJW Group from a "neutral" rating to a "buy" rating in a research report on Monday, February 26th. Finally, StockNews.com downgraded shares of SJW Group from a "hold" rating to a "sell" rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $66.00.

SJW Group Price Performance

The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24. The company's 50-day moving average price is $57.89 and its two-hundred day moving average price is $61.44. The company has a market cap of $1.75 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.71 and a beta of 0.58.

SJW Group (NYSE:SJW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). SJW Group had a net margin of 12.68% and a return on equity of 7.10%. The business had revenue of $171.34 million for the quarter, compared to the consensus estimate of $161.23 million. During the same period in the prior year, the company earned $1.09 EPS. As a group, sell-side analysts expect that SJW Group will post 2.75 earnings per share for the current year.

SJW Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 5th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Friday, February 2nd. This is an increase from SJW Group's previous quarterly dividend of $0.19. SJW Group's dividend payout ratio is currently 59.93%.

Institutional Investors Weigh In On SJW Group

A number of institutional investors have recently modified their holdings of the business. Quarry LP bought a new position in SJW Group in the 4th quarter worth about $27,000. Point72 Hong Kong Ltd bought a new position in SJW Group in the 2nd quarter worth about $28,000. US Bancorp DE grew its position in SJW Group by 263.8% in the 2nd quarter. US Bancorp DE now owns 462 shares of the utilities provider's stock worth $32,000 after purchasing an additional 335 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in SJW Group in the 4th quarter worth about $35,000. Finally, Clarity Asset Management Inc. bought a new position in SJW Group in the 4th quarter worth about $40,000. Institutional investors own 84.29% of the company's stock.

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.