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

NYSE

Website

www.sjwgroup.com

CEO

Eric W. Thornburg

Incorporated

Delaware

Location

California

Fiscal year end

Dec 31

Sector

Utilities > Water Supply and Irrigation Systems

Industry (SIC)

Water Supply

American Water Works • Essential Utilities • California Water Service • American States Water • Golden State Water • Middlesex Water • Artesian Resources • York Water • Global Water Resources • AquaVenture ...

Former names

SJW CORP

SEC CIK

0000766829

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

News

From Benzinga Pro

Earnings Scheduled For July 27, 2022

27 Jul 22

Companies Reporting Before The Bell • Equinor (NYSE:EQNR) is projected to report earnings for its second quarter.

SJW Gr Earnings Preview

26 Jul 22

SJW Gr (NYSE:SJW) is set to give its latest quarterly earnings report on Wednesday, 2022-07-27. Here's what investors need to know before the announcement. Analysts estimate that SJW Gr will report an earnings per share (EPS) of $0.66.

Barclays Maintains Equal-Weight on SJW Gr, Lowers Price Target to $65

18 Jul 22

Barclays analyst Eric Beaumont maintains SJW Gr (NYSE:SJW) with a Equal-Weight and lowers the price target from $72 to $65.

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

From Benzinga Pro

SJW Group Announces 2022 Second Quarter Financial Results, Reaffirms 2022 Guidance, and Declares Dividend

27 Jul 22

Quarterly 2022 diluted earnings of $0.38 per share Results impacted by regulatory changes and delay Reaffirms 2022 guidance range of $2.30 to $2.40 per diluted share Dividend of $0.36 per share declared SJW

Maine Water Celebrates the Commissioning of the Saco River Drinking Water Resource Center

27 Jul 22

$60 million investment replaces 138-year-old treatment facility First New England recipient of Institute for Sustainable Infrastructure Envision Silver Award Today, Maine Water Company celebrated the commissioning of

SJW Group Sets Date for Release of Second Quarter 2022 Financial Results

15 Jul 22

SJW Group (NYSE:SJW) today announced that the company will release its second quarter 2022 financial results after the close of the market on Wednesday, July 27, 2022. Eric Thornburg, president, chief executive officer

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

Last 3 months

Average target

$65.50

Low target

$65.00

High target

$66.00

Calendar

29 Jul 22

9 Aug 22

31 Dec 22

Financial summary

Financial statements Chart SJW financial data

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

Financial data from SJW earnings reports.

Recent insider trades

SJW insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

SJW institutional ownership history Ownership history

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%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

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

From filing 10-Q 2022 Q2

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