SJW Group is the second-largest investor-owned pure-play water and wastewater utility, based on estimated rate base, in the United States, providing lifesaving and high-quality water service to nearly 1.5 million people. SJW Group's locally led and operated water utilities - San Jose Water Company in California, The Connecticut Water Company in Connecticut, The Maine Water Company in Maine, and SJWTX, Inc. (dba Canyon Lake Water Service Company) in Texas - possess the financial strength, operational expertise, and technological innovation to safeguard the environment, deliver outstanding service to customers, and provide opportunities to employees. SJW Group remains focused on investing in its operations, remaining actively engaged in its local communities, and delivering continued sustainable value to its shareholders.
Company profile
Ticker
SJW
Exchange
Website
CEO
Eric W. Thornburg
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SJW CORP
SEC CIK
Corporate docs
Subsidiaries
San Jose Water Company • SJW Land Company • SJWTX, Inc. • SJWTX Holdings, Inc. • Texas Water Operation Services LLC • SJWNE LLC • Connecticut Water Service, Inc. • The Connecticut Water Company • Chester Realty, Inc. • New England Water Utility Services, Inc. ...
IRS number
770066628
SJW stock data
News

Earnings Scheduled For July 27, 2022
27 Jul 22
SJW Gr Earnings Preview
26 Jul 22
Barclays Maintains Equal-Weight on SJW Gr, Lowers Price Target to $65
18 Jul 22
Benzinga's Top Ratings Upgrades, Downgrades For June 2, 2022
2 Jun 22
Wells Fargo Downgrades SJW Gr to Equal-Weight, Lowers Price Target to $66
2 Jun 22
Press releases
SJW Group Announces 2022 Second Quarter Financial Results, Reaffirms 2022 Guidance, and Declares Dividend
27 Jul 22
Maine Water Celebrates the Commissioning of the Saco River Drinking Water Resource Center
27 Jul 22
SJW Group Sets Date for Release of Second Quarter 2022 Financial Results
15 Jul 22
Maine Water's New Saco River Drinking Water Resource Center Earns Envision Silver Award for Sustainable Infrastructure
13 Jul 22
Diamondback Energy, Inc. Announces Appointments to the Board of Directors
11 Jul 22
Analyst ratings and price targets
Current price
Average target
$65.50
Low target
$65.00
High target
$66.00
Barclays
Maintains
$65.00
Wells Fargo
Downgraded
$66.00
Calendar
29 Jul 22
9 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 12.65M | 12.65M | 12.65M | 12.65M | 12.65M | 12.65M |
Cash burn (monthly) | 1.81M | 1.29M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 2.43M | 1.73M | n/a | n/a | n/a | n/a |
Cash remaining | 10.22M | 10.92M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 5.6 | 8.5 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jun 22 | Maureen P Westbrook | Common Stock | Grant | Acquire A | No | No | 0 | 136 | 0 | 42,843 |
1 Jun 22 | A Kristen Johnson | Common Stock | Grant | Acquire A | No | No | 0 | 94 | 0 | 20,125 |
31 May 22 | Willie D. Jr. Brown | Common Stock | Payment of exercise | Dispose F | No | No | 61.85 | 90 | 5.57K | 5,795 |
27 Apr 22 | Landis Gregory P | Common Stock | Grant | Acquire A | No | No | 0 | 1,554 | 0 | 7,563 |
27 Apr 22 | Mary Ann Hanley | Common Stock | Grant | Acquire A | No | No | 0 | 1,554 | 0 | 4,396 |
Institutional ownership, Q1 2022
4.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 184 |
Opened positions | 23 |
Closed positions | 22 |
Increased positions | 70 |
Reduced positions | 62 |
13F shares | Current |
---|---|
Total value | 1.5B |
Total shares | 21.36M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Nuance Investments | 2.96M | $206.09M |
BLK Blackrock | 2.4M | $166.69M |
Vanguard | 1.83M | $127.53M |
TROW T. Rowe Price | 1.65M | $114.72M |
Covington Capital Management | 1.59M | $110.69M |
Amundi | 736.89K | $51.25M |
STT State Street | 723.81K | $50.36M |
Dimensional Fund Advisors | 640.89K | $44.59M |
GS Goldman Sachs | 522.67K | $36.37M |
Geode Capital Management | 479.44K | $33.36M |
Financial report summary
?Risks
- Fluctuations in customer demand for water due to seasonality, restrictions of use, weather, and lifestyle can adversely affect operating results.
- Our business, financial condition, and results of operations have been and will continue to be negatively impacted by the COVID-19 pandemic.
- Our business and financial performance may be adversely affected by the rising inflation.
Management Discussion
- The revenue increase consists of $9,313 from Water Utility Services offset by a $153 decrease from Real Estate Services.
- The revenue increase for Water Utility Services is primarily due to an increase in authorized rates which resulted in $25,179 of additional revenue, a net increase in revenue recognized from certain balancing and memorandum accounts of $3,941, an increase due to new customers of $2,896, and an increase in other regulatory mechanisms of $2,491, partially offset by a decrease in revenue of $24,702 due to lower usage and a decrease of $839 from the winter storm credits in Texas.
Content analysis
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Readability |
H.S. sophomore Avg
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New words:
adjudication, began, beneficial, collaborating, deploy, downstream, enabling, enact, Franciscan, Hancock, heavily, household, human, industrial, inflation, John, minimizing, reconsider, relaxed, Resource, satisfaction, shipping, Station, trend, turf, unilaterally, upheld, wasteful, weakening
Removed:
acted, altered, cease, Central, decline, Deer, derived, directing, driver, eased, facility, factor, fluctuate, hand, implementing, inability, initial, monthly, ongoing, open, prolong, proposed, Ranch, recently, recommend, refinance, replace, representing, reverse, Skowhegan, smoothing, step, stop, stringent, support, suspended, temporary, terminated, unbilled, utilized, workplace
Financial reports
Current reports
8-K
Entry into a Material Definitive Agreement
5 Aug 22
8-K
SJW Group Announces 2022 Second Quarter Financial Results, Reaffirms 2022 Guidance, and Declares Dividend
27 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
29 Apr 22
8-K
SJW Group Announces 2022 First Quarter Financial Results, Provides 2022 Guidance, and Declares Dividend
27 Apr 22
8-K
SJW Group Announces 2021 Annual and Fourth Quarter Financial Results
17 Feb 22
8-K
Departure of Directors or Certain Officers
28 Jan 22
8-K
SJW Group Announces Appointment of Rebecca (“Becky”) Armendariz Klein to Board of Directors
17 Dec 21
8-K
Other Events
1 Dec 21
8-K
Entry into a Material Definitive Agreement
18 Nov 21
8-K
SJW Group Announces 2021 Third Quarter Financial Results, Reaffirms 2021 Guidance, and Declares Dividend
28 Oct 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
17 Nov 21
S-3ASR
Automatic shelf registration
17 Nov 21
424B5
Prospectus supplement for primary offering
9 Mar 21
424B5
Prospectus supplement for primary offering
8 Mar 21
S-8
Registration of securities for employees
9 Oct 19
424B5
Prospectus supplement for primary offering
30 Nov 18
424B5
Prospectus supplement for primary offering
26 Nov 18
S-3ASR
Automatic shelf registration
26 Nov 18
SC TO-T/A
Third party tender offer statement (amended)
17 Aug 18
SC 14D9/A
Tender offer solicitation (amended)
17 Aug 18
Proxies
DEFA14A
Additional proxy soliciting materials
19 Mar 20
DEFA14A
Additional proxy soliciting materials
19 Mar 20
DEF 14A
Definitive proxy
18 Mar 19
PRE 14A
Preliminary proxy
6 Mar 19
DFAN14A
Additional proxy materials by non-management
27 Jul 18
DFAN14A
Additional proxy materials by non-management
18 Jul 18
DFAN14A
Additional proxy materials by non-management
25 Jun 18
Other
UPLOAD
Letter from SEC
8 Dec 20
CORRESP
Correspondence with SEC
3 Dec 20
UPLOAD
Letter from SEC
5 Nov 20
UPLOAD
Letter from SEC
9 Dec 18
UPLOAD
Letter from SEC
18 Nov 18
UPLOAD
Letter from SEC
19 Aug 18
UPLOAD
Letter from SEC
8 Aug 18
UPLOAD
Letter from SEC
1 Aug 18
CORRESP
Correspondence with SEC
25 Jun 18
UPLOAD
Letter from SEC
24 Jun 18
Ownership
4
SJW / A Kristen Johnson ownership change
3 Jun 22
4
SJW / MAUREEN P WESTBROOK ownership change
3 Jun 22
4
SJW / Willie D. Jr. Brown ownership change
1 Jun 22
4
SJW / Carl Guardino ownership change
29 Apr 22
4
SJW / Hunt Heather ownership change
29 Apr 22
4
SJW / Walter J. Bishop ownership change
29 Apr 22
4
SJW / CAROL P WALLACE ownership change
29 Apr 22
4
SJW / REBECCA A KLEIN ownership change
29 Apr 22
4
SJW / Daniel B. More ownership change
29 Apr 22
4
SJW / GREGORY P LANDIS ownership change
29 Apr 22
Transcripts
2022 Q2
Earnings call transcript
28 Jul 22
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
18 Feb 22
2021 Q3
Earnings call transcript
29 Oct 21
2021 Q2
Earnings call transcript
30 Jul 21
2021 Q1
Earnings call transcript
1 May 21
2020 Q4
Earnings call transcript
19 Feb 21
2020 Q3
Earnings call transcript
7 Nov 20
2020 Q2
Earnings call transcript
7 Aug 20
2020 Q1
Earnings call transcript
6 May 20
Reddit threads
Daily Discussion Thread - August 5th, 2022
5 Aug 22
BBBY 83,378 shares , average 11.57 , LFG !!!
5 Aug 22
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Boom #rentercuck
16 Jul 22
Question on what is a single stock you think will go up 20% or more by end of year?
10 Jul 22
I hate you all
4 Jul 22
If we're gonna lose our homes, I would at least like to see some inclusivity
2 Jul 22
Choke on that Ken 😎😎
30 Jun 22