SJW Group (NYSE:SJW) Stock Price Down 4.2% – Should You Sell?

SJW Group (NYSE:SJW) dropped 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 were traded during mid-day 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

SJW has been the subject of several research analyst reports. StockNews.com cut SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Wells Fargo & Company lowered their target price on SJW Group from $61.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th.

SJW Group Price Performance

The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77. The stock’s fifty day moving average is $51.03 and its 200-day moving average is $55.68. The stock has a market capitalization of $1.51 billion, a PE ratio of 16.69, a P/E/G ratio of 3.37 and a beta of 0.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 DIFC Ltd increased its position 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 worth $41,000 after purchasing an additional 316 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of SJW Group during the third quarter worth $46,000. Point72 Asia Singapore Pte. Ltd. raised its holdings 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 last quarter. US Bancorp DE lifted its stake in SJW Group by 53.8% in the 3rd quarter. US Bancorp DE now owns 1,255 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 439 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of SJW Group during the 3rd quarter worth approximately $140,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

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.