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SJW (SJW)

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
CEO
Eric W. Thornburg
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SJW CORP
SEC CIK
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

Analyst ratings and price targets

Last 3 months
Current price
Average target
$65.50
Low target
$65.00
High target
$66.00
Barclays
Maintains
Equal-Weight
$65.00
18 Jul 22
Wells Fargo
Downgraded
Equal-Weight
$66.00
2 Jun 22

Calendar

29 Jul 22
9 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
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
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

Beta Read what these cash burn values mean

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
4.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 184 183 +0.5%
Opened positions 23 41 -43.9%
Closed positions 22 13 +69.2%
Increased positions 70 61 +14.8%
Reduced positions 62 57 +8.8%
13F shares Current Prev Q Change
Total value 1.5B 4.03B -62.6%
Total shares 21.36M 21.65M -1.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Nuance Investments 2.96M $206.09M -0.6%
BLK Blackrock 2.4M $166.69M -5.5%
Vanguard 1.83M $127.53M -3.4%
TROW T. Rowe Price 1.65M $114.72M -0.1%
Covington Capital Management 1.59M $110.69M -40.5%
Amundi 736.89K $51.25M +1038.4%
STT State Street 723.81K $50.36M +20.3%
Dimensional Fund Advisors 640.89K $44.59M +2.1%
GS Goldman Sachs 522.67K $36.37M -1.3%
Geode Capital Management 479.44K $33.36M +4.1%
Largest transactions Shares Bought/sold Change
Covington Capital Management 1.59M -1.08M -40.5%
Amundi 736.89K +672.16K +1038.4%
American Century Companies 311.66K +311.66K NEW
Norges Bank 0 -238.22K EXIT
First Trust Advisors 279.49K -184.93K -39.8%
BLK Blackrock 2.4M -138.88K -5.5%
STT State Street 723.81K +122.22K +20.3%
Victory Capital Management 246.54K +102.35K +71.0%
Eaton Vance Management 103.36K +101.84K +6669.0%
Millennium Management 297.03K +66.84K +29.0%

Financial report summary

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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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