Company profile

Ticker
SJW
Exchange
Website
CEO
Eric W. Thornburg
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
SJW Corp
SEC CIK
IRS number
770066628

SJW stock data

(
)

Calendar

11 May 20
3 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 115.75M 125.84M 114M 102.97M
Net income 2.42M -5.49M 9.48M 13.76M
Diluted EPS 0.08 -0.19 0.33 0.47
Net profit margin 2.09% -4.36% 8.31% 13.37%
Operating income 15.43M 6.02M 17.08M 21.97M
Net change in cash 15.33M 242K 2.85M 2.19M
Cash on hand 28.27M 12.94M 12.7M 9.85M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 420.48M 397.7M 389.23M 339.71M
Net income 23.63M 38.77M 61.1M 52.84M
Diluted EPS 0.82 1.82 2.86 2.57
Net profit margin 5.62% 9.75% 15.70% 15.55%
Operating income 57.48M 73.44M 101.85M 97.44M
Net change in cash 4.22M 923K 1.45M 1.11M
Cash on hand 12.94M 8.72M 7.8M 6.35M

Financial data from SJW earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
1 Jun 20 A Kristen Johnson Common Stock Grant Aquire A 0 79 0 17,117
1 Jun 20 Maureen P Westbrook Common Stock Grant Aquire A 0 121 0 43,564
29 Apr 20 Armstrong Katharine Common Stock Grant Aquire A 0 1,281 0 6,133
29 Apr 20 Bishop Walter J. Common Stock Grant Aquire A 0 1,281 0 2,583
68.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 162 169 -4.1%
Opened positions 26 25 +4.0%
Closed positions 33 32 +3.1%
Increased positions 46 68 -32.4%
Reduced positions 65 45 +44.4%
13F shares
Current Prev Q Change
Total value 4.11B 6.36B -35.4%
Total shares 19.38M 19.85M -2.4%
Total puts 0 0
Total calls 0 7.2K -100.0%
Total put/call ratio
Largest owners
Shares Value Change
BLK BlackRock 2.09M $120.6M +3.0%
Covington Capital Management 1.9M $110.01M +2.2%
Vanguard 1.8M $104.18M +1.4%
N Price T Rowe Associates 1.79M $103.29M +0.5%
Renaissance Technologies 1.09M $63.22M +2.4%
Nuance Investments 777.31K $44.91M +62.9%
Dimensional Fund Advisors 689.67K $39.85M -7.8%
STT State Street 632.55K $36.54M -1.6%
GS The Goldman Sachs Group, Inc. 504.55K $29.15M +17.8%
NTRS Northern Trust 460.63K $26.61M -2.7%
Largest transactions
Shares Bought/sold Change
Nuance Investments 777.31K +300.06K +62.9%
FMR 202 -291.71K -99.9%
Norges Bank 0 -187.92K EXIT
Point72 Asset Management 0 -179.64K EXIT
Shelter Harbor Advisors 0 -160K EXIT
PRU Prudential Financial 167.08K -119.75K -41.7%
SLFPF Standard Life Aberdeen 448.93K +117.64K +35.5%
GS The Goldman Sachs Group, Inc. 504.55K +76.36K +17.8%
American Century Companies 164.56K +70.49K +74.9%
BLK BlackRock 2.09M +60.31K +3.0%

Financial report summary

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Risks
  • Our business is regulated and may be adversely affected by changes to the regulatory environment.
  • Recovery of regulatory assets is subject to adjustment by the regulatory agencies and could impact the operating results of Water Utility Services.
  • Changes in water supply, water supply costs or the mix of water supply could adversely affect the operating results and business of Water Utility Services.
  • Fluctuations in customer demand for water due to seasonality, restrictions of use, weather, and lifestyle can adversely affect operating results.
  • A contamination event or other decline in source water quality could affect the water supply of Water Utility Services and therefore adversely affect our business and operating results.
  • Water Utility Services is subject to litigation risks concerning water quality and contamination.
  • Water Utility Services is subject to possible litigation or regulatory enforcement action concerning water discharges to Waters of the United States (“WOTUS”).
  • New or more stringent environmental regulations could increase Water Utility Services’ operating costs and affect its business.
  • The water utility business requires significant capital expenditures that are dependent on our ability to secure appropriate funding. If SJW Group and its subsidiaries are unable to generate sufficient operating cash flows and obtain sufficient capital or if the rates at which we and our subsidiaries borrow increase, there would be a negative impact on our results of operations.
  • We operate in areas subject to natural disasters or that may be the target of terrorist activities.
  • Our operations, liquidity, and earnings may be adversely affected by wildfires and risk of fire hazards.
  • A failure of our reservoirs, storage tanks, mains or distribution networks could result in losses and damages that may adversely affect our financial condition and reputation.
  • Operating under contract water and waste systems in Maine and Connecticut will expose us to new risks.
  • Water Utility Services rely on information technology and systems that are key to business operations. A system malfunction, security breach, cyber-attacks or other disruptions could compromise our information and expose us to liability, which could adversely affect business operations.
  • SJW Land Company and Chester Realty, Inc. have real estate holdings that are subject to various business and investment risks.
  • The price of our common stock may be volatile and may be affected by market conditions beyond our control.
  • Our business strategy, which includes acquiring water systems and expanding non-tariffed services, will expose us to new risks which could have a material adverse effect on our business.
  • We must continue to attract and retain qualified technical and managerial personnel in order to succeed.
  • Adverse investment returns and other factors may increase our pension costs and pension plan funding requirements.
  • Work stoppages, other labor relations matters and epidemic or pandemic illness events could adversely affect our business and operating results.
  • Our charter documents and Delaware law could prevent a takeover that stockholders consider favorable and could also make it more difficult for stockholders to influence our policies or may reduce the rights of stockholders.
  • We incurred substantial additional indebtedness to finance the merger with CTWS, and this additional indebtedness may reduce our business and operational flexibility and increase our borrowing costs.
  • We may not have discovered undisclosed liabilities of CTWS during our due diligence process.
  • Uncertainties associated within the combined company may cause a loss of management personnel and other key employees which could adversely affect the future business and operations of the combined company.
  • The combined company is expected to incur additional costs in connection with the CTWS merger, including costs to integrate SJW Group and CTWS.
  • SJW Group has committed to certain “ring-fencing” measures which will enhance CTWS’s separateness from SJW Group, which may limit SJW Group’s ability to influence the management and policies of CTWS (beyond the limitations included in other existing governance mechanisms).
  • The combined company is and will be affected by developments in the water utility industry, including changes in regulation. A failure to adapt to the changing regulatory environment could adversely affect the stability of the combined company’s earnings.
  • SJW Group’s dividend policy is subject to the discretion of our board of directors and may be limited by legal and contractual requirements.
Management Discussion
  • The revenue increase consists of $22,868 from Water Utility Services offset by a decrease of $85 from Real Estate Services.
  • The revenue increase for Water Utility Services is primarily due to the merger with CTWS which generated an increase of $21,660, an increase in authorized rates which resulted in $13,877 of additional revenue, and an increase of $2,673 due to new customers. These increases were partially offset by a net decrease in revenue recognized from certain balancing and memorandum accounts, which included a decrease of $19,841 in WCMA, partially offset by increases of $6,366 from the Tax Act and $1,349 in the Cost of Capital Memorandum Account.
Content analysis ?
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