SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services and sewer operations to water utilities in Connecticut; and a Linebacker protection plan for public drinking water customers, as well as offers repair or replace a leaking or broken water service line, curb box, curb box cover, meter pit, meter pit cover, and meter pit valve. Its water supply consists of groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District. The company offers water service to approximately 231,000 connections that serve approximately one million people residing in portions of the cities of San Jose and Cupertino, as well as in the cities of Campbell, Monte Sereno, Saratoga, and the Town of Los Gatos; and adjacent unincorporated territories in the County of Santa Clara in the State of California. In addition, it provides water service to approximately 139,000 connections, which serve 485,000 people in 81 municipalities with a service area comprising 269 square miles throughout Connecticut and Maine, as well as 20,000 connections that serve approximately 59,000 people in a service area comprising approximately 247 square miles in the region between San Antonio and Austin, Texas; and approximately 3,000 wastewater connections in Southbury, Connecticut. Further, the company owns undeveloped land in California and Tennessee; and owns and operates commercial buildings and warehouse properties in Tennessee. The company was formerly known as SJW Corp. and changed its name to SJW Group in November 2016. SJW Group was incorporated in 1985 and is headquartered in San Jose, California.
IPO Year: 1972
Exchange: NYSE
Website: sjwgroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/20/2024 | $65.00 | Neutral | BofA Securities |
| 2/26/2024 | $68.00 | Neutral → Buy | Seaport Research Partners |
| 10/25/2023 | $67.00 → $61.00 | Underweight → Equal Weight | Wells Fargo |
| 6/6/2023 | $85.00 → $78.00 | Buy → Neutral | UBS |
| 5/12/2023 | $76.00 | Equal Weight → Underweight | Wells Fargo |
| 2/7/2023 | $86.00 → $84.00 | Overweight → Neutral | JP Morgan |
| 1/17/2023 | $76.00 → $85.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 1/11/2023 | Buy → Neutral | Seaport Research Partners | |
| 1/5/2023 | Buy → Neutral | Seaport Research Partners | |
| 11/30/2022 | Buy | UBS |
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8-K - SJW GROUP (0000766829) (Filer)
8-K - SJW GROUP (0000766829) (Filer)
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Delivers $1.17 of GAAP diluted earnings per share (EPS) for the quarter, a year-over-year increase of $0.04; adjusted diluted EPS (non-GAAP) of $1.18 for the quarter, a year-over-year increase of $0.05Invests $252 million in infrastructure through the third quarter of 2024, or approximately 76% of the 2024 capital budgetSettlement agreement with Public Advocates Office filed with the California Public Utilities Commission in San Jose Water's 2025 to 2027 general rate case (GRC)2024 GAAP guidance of $2.65 to $2.75 diluted EPS; reaffirms 2024 guidance range of $2.68 to $2.78 for adjusted diluted EPS (non-GAAP)Declares $0.40 cash dividend per share of common stock SAN JOSE, Calif., Oct. 28, 2
SAN JOSE, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- SJW Group (NYSE:SJW) expects to report its 2024 third quarter financial results before the market opens on Monday, October 28, 2024. Eric W. Thornburg, president, chief executive officer and board chair, and Andrew F. Walters, chief financial officer and treasurer, will review the results in a webcast presentation on Monday, October 28, 2024, at 11 a.m. pacific daylight time, 2:00 p.m. eastern daylight time. An accompanying slide presentation will also be published to SJW Group's investor website prior to the call. Interested parties may access a link to the webcast at www.sjwgroup.com. An archive of the webcast will be available until
SJW Group (NYSE:SJW) has been recognized as one of America's Greenest Companies 2025 by Newsweek and market data research firm Plant-A Insights Group. The award recognizes SJW Group's commitment to sustainability across its national footprint, which includes local operating companies in California, Texas, Connecticut and Maine. SJW Group is one of only two water companies and eight utilities recognized on the list of 300 companies honored by Newsweek. "We are proud that our dedication to being a force for good in the local communities we serve has been recognized among such an elite peer group of green companies," said Eric W. Thornburg, Chair, CEO and President of SJW Group. "SJW Group is
GREENWICH, Conn., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, a leader in value-oriented and research-driven investment management, is excited to announce its second annual PFAS Symposium, scheduled for Thursday, September 26, 2024, at The Harvard Club in New York City. This event will bring together leading experts, policymakers, and industry executives to explore the critical issues surrounding PFAS (Per- and Polyfluoroalkyl Substances), their uses, replacements, and remediation efforts in water treatment and other categories. The symposium will feature company presentations, fireside chats, panel discussions, and one-on-one meetings. It aims to facilitate a comprehensi
GREENWICH, Conn., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, a leader in value-oriented and research-driven investment management, is excited to announce its second annual PFAS Symposium, scheduled for Thursday, September 26, 2024, at The Harvard Club in New York City. This event will bring together leading experts, policymakers, and industry executives to explore the critical issues surrounding PFAS (Per- and Polyfluoroalkyl Substances), their uses, replacements, and remediation efforts in water treatment. The symposium will feature company presentations, fireside chats, panel discussions, and one-on-one meetings. It aims to facilitate a comprehensive dialogue on the enviro
Constructive agreement provides for $450 million in drinking water infrastructure investment over three-years. San Jose Water (SJW), a wholly-owned subsidiary of SJW Group (NYSE:SJW), today announced that, together with the Public Advocates Office (PAO), it has reached a constructive settlement agreement in its 2025 to 2027 General Rate Case (GRC) that was filed with the California Public Utilities Commission (CPUC) on January 2, 2024. The settlement agreement, filed on August 19, 2024 with the CPUC for its approval, excludes two policy issues which will be litigated via briefs filed on August 1, 2024. "I am grateful to the PAO for diligently working with us to achieve this constructive
Delivers $0.64 of GAAP diluted earnings per share (EPS), a year-over-year increase of $0.06; adjusted diluted EPS (non-GAAP) of $0.66, a year-over-year increase of $0.08 Invests $158 million in infrastructure during the first half of 2024, or approximately 48% of 2024 capital budget Agreement in principle reached on California general rate case (GRC) Updates 2024 GAAP guidance to $2.66 to $2.76 diluted EPS. Reaffirms 2024 guidance range of $2.68 to $2.78 for adjusted diluted EPS (non-GAAP) Declares $0.40 cash dividend per share of common stock SJW Group (NYSE:SJW) today reported financial results for the second quarter ended June 30, 2024. "We are pleased with our financia
SJW Group (NYSE:SJW) expects to report its 2024 second quarter financial results after the market closes on Wednesday, July 24, 2024. Eric W. Thornburg, president, chief executive officer and board chair, and Andrew F. Walters, chief financial officer and treasurer, will review the results in a webcast presentation on Thursday, July 25, 2024, at 11 a.m. pacific daylight time, 2:00 p.m. eastern daylight time. An accompanying slide presentation will also be published to SJW Group's investor website prior to the call. Interested parties may access a link to the webcast at www.sjwgroup.com. An archive of the webcast will be available until October 21, 2024. About SJW Group SJW Group is
San Jose Water has received a total of $15.3 million in two rounds of customer relief funding from the state of California, funded by the American Rescue Plan Act. San Jose Water ("SJW" or "the Company"), a wholly-owned subsidiary of SJW Group (NYSE:SJW), announced today that it has received funds from the California Water and Wastewater Arrearage Payment Program, which is administered by the State Water Resources Control Board. Funded by the American Rescue Plan Act ("ARPA"), the funds are intended to help support customers who experienced financial hardship due to COVID and were unable to pay their water bills between June 15, 2021, and December 31, 2022. On May 13, San Jose Water rec
Delivers $0.36 of diluted earnings per share (EPS), a slight year-over-year decrease of $0.01 Invests $69 million in infrastructure Secures 10.01% Water Cost of Capital Mechanism (WCCM)-adjusted return on equity in California as of January 1, 2024 Reaffirms 2024 guidance range of $2.68 to $2.78 diluted EPS Declares $0.40 cash dividend per share of common stock SJW Group (NYSE:SJW) today reported financial results for the first quarter ended March 31, 2024. "We are pleased with our financial results for the quarter, which demonstrate the strength of our local water operations and the continued successful execution of our proven business strategy," stated SJW Group Chair, CE
SJW Group (NYSE:SJW) today announced that its board of directors has appointed Marisa Joss as corporate secretary, effective October 25, 2023. She joined the company in September 2022. Joss will also continue in her previous role as deputy general counsel subsidiaries, reporting to Willie Brown, vice president and general counsel of SJW Group. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231101083889/en/Marisa Joss appointed Corporate Secretary of SJW Group. (Photo: Business Wire) SJW Group Chair, President and CEO Eric W. Thornburg said, "Marisa has earned the trust and admiration of our executive team and the board of direct
SJW Group (NYSE:SJW) today announced the appointment of Denise L. Kruger to the SJW Group board of directors effective, Sept. 1. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230830333724/en/Denise L. Kruger appointed to the SJW Group Board of Directors effective on September 1. (Photo: Business Wire) Kruger has been a leader in the drinking water industry for 30 years. Prior to her retirement in 2021, she was senior vice president, regulated utilities at Golden State Water Company, a subsidiary of American States Water, based in California. Her previous experience includes executive leadership roles in customer service and wat
SJW Group (NYSE:SJW) today announced that its board of directors has appointed Thomas A. Hodge as vice president of business development, effective April 1. Hodge has also been appointed president of Texas Water Operation Services, LLC. He has been with SJW since 2002 and has led the company's rapidly growing Texas subsidiary, The Texas Water Company (TWC), as president since 2007. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230406005016/en/SJW Group appoints Thomas A. Hodge as Vice President of Business Development and President of Texas Water Operations, LLC. (Photo: Business Wire) Hodge will be responsible for business dev
The SJW Group (NYSE:SJW) board of directors has appointed James P. Lynch as chief accounting officer and Andrew F. Walters as chief financial officer. Peter Fletcher has been appointed vice president - information security officer of San Jose Water Co., a wholly owned subsidiary of SJW Group. The appointments were effective on Jan. 26. Lynch and Walters have both held previous officer positions at SJW Group. Lynch, who had served as the CFO and treasurer since 2010, has taken on the role of CAO. In this role, he will continue to be responsible for all aspects of financial reporting, leading the company's accounting team to ensure compliance with accounting practices and providing strategie
SJW Group (NYSE:SJW) today announced the appointment of Becky Armendariz Klein to the SJW Group Board of Directors. Ms. Klein has been appointed as an independent member of the board who will serve on the Sustainability and Executive Compensation Committees, effective December 17, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211217005654/en/SJW Group Announces Appointment of Rebecca ("Becky") Armendariz Klein to Board of Directors. (Photo: Business Wire) Since 2006, Klein has been the principal at Klein Energy, LLC, an energy and water consulting company based in Austin, Texas, where she shares her extensive experience wi
Delivers $1.17 of GAAP diluted earnings per share (EPS) for the quarter, a year-over-year increase of $0.04; adjusted diluted EPS (non-GAAP) of $1.18 for the quarter, a year-over-year increase of $0.05Invests $252 million in infrastructure through the third quarter of 2024, or approximately 76% of the 2024 capital budgetSettlement agreement with Public Advocates Office filed with the California Public Utilities Commission in San Jose Water's 2025 to 2027 general rate case (GRC)2024 GAAP guidance of $2.65 to $2.75 diluted EPS; reaffirms 2024 guidance range of $2.68 to $2.78 for adjusted diluted EPS (non-GAAP)Declares $0.40 cash dividend per share of common stock SAN JOSE, Calif., Oct. 28, 2
Delivers $0.64 of GAAP diluted earnings per share (EPS), a year-over-year increase of $0.06; adjusted diluted EPS (non-GAAP) of $0.66, a year-over-year increase of $0.08 Invests $158 million in infrastructure during the first half of 2024, or approximately 48% of 2024 capital budget Agreement in principle reached on California general rate case (GRC) Updates 2024 GAAP guidance to $2.66 to $2.76 diluted EPS. Reaffirms 2024 guidance range of $2.68 to $2.78 for adjusted diluted EPS (non-GAAP) Declares $0.40 cash dividend per share of common stock SJW Group (NYSE:SJW) today reported financial results for the second quarter ended June 30, 2024. "We are pleased with our financia
Delivers $0.36 of diluted earnings per share (EPS), a slight year-over-year decrease of $0.01 Invests $69 million in infrastructure Secures 10.01% Water Cost of Capital Mechanism (WCCM)-adjusted return on equity in California as of January 1, 2024 Reaffirms 2024 guidance range of $2.68 to $2.78 diluted EPS Declares $0.40 cash dividend per share of common stock SJW Group (NYSE:SJW) today reported financial results for the first quarter ended March 31, 2024. "We are pleased with our financial results for the quarter, which demonstrate the strength of our local water operations and the continued successful execution of our proven business strategy," stated SJW Group Chair, CE
$2.68 of diluted earnings per share in 2023 surpassing $2.43 per diluted share in 2022, initial 2023 guidance of $2.40 to $2.50 and inline with the updated guidance of $2.65 to $2.70 $272 million in infrastructure investments, exceeding 2023 guidance 10.01% Water Cost of Capital Mechanism (WCCM)-adjusted return on equity in California as of January 1, 2024 2024 guidance issued of $2.68 to $2.78 diluted earnings per share SJW Group (NYSE:SJW) today reported financial results for 2023. "With a strong fourth quarter, our 2023 financial results and operating performance exceeded expectations and the initial earnings per share guidance we set for SJW Group at this time last year,"
5.3% increase in annual dividend 56 years of annual dividend increases The Board of Directors of SJW Group (NYSE:SJW) has declared a quarterly cash dividend of $0.40 per share payable on March 1, 2024, to all shareholders of record at the close of business on Feb. 5, 2024. The March dividend will represent a 5.3% increase over the dividend paid in December 2023. The 2024 annualized dividend will be $1.60 per share compared with $1.52 per share in 2023. "Today's action by our board to increase the annual dividend demonstrates its continuing confidence in SJW Group's mission and employees," said President, Chief Executive Officer and Chair of the Board Eric W. Thornburg. "Our team
Diluted earnings of $1.13 per share, a year-over-year increase of $0.31 $196 million investment in infrastructure investments through the first nine months of 2023 Closed on the acquisitions of KT Water Development and KT Water Resources by Texas Water Water Cost of Capital Mechanism (WCCM)-adjusted return on equity of 9.31% in California Quarterly dividend of $0.38 per share declared 2023 Guidance increased to $2.65 to $2.70 from $2.40 to $2.50 SJW Group (NYSE:SJW) today reported financial results for the third quarter ended September 30, 2023. "We are pleased that our third quarter financial results and operating performance continue the strong momentum of the first h
Diluted earnings of $0.58 per share, an increase of $0.20 compared to $0.38 in the same quarter last year $115.7 million investment in infrastructure projects in the first half of 2023 Constructive California Cost of Capital Decision providing Water Cost of Capital Mechanism (WCCM)-adjusted return on equity of 9.31% Quarterly dividend of $0.38 per share declared SJW Group (NYSE:SJW) today reported financial results for the second quarter ended June 30, 2023. "We are pleased with our financial results for the quarter, which demonstrate the strength of our water utility operations and our commitment to providing high-quality and reliable water service to our customers," stated
Diluted earnings of $0.37 per share, an increase of $0.25 compared to $0.12 in the same quarter last year $52.4 million investment in infrastructure projects in the first quarter 2023 2023 guidance range of $2.40 - $2.50 per diluted share reaffirmed Dividend of $0.38 per share declared SJW Group (NYSE:SJW) today reported financial results for the first quarter ended March, 31, 2023. "We are pleased with our financial results for the quarter, which demonstrate the strength of our water utility operations and our commitment to providing high-quality and reliable water service to our customers," stated SJW Group Chair, CEO, and President, Eric W. Thornburg. "We continued to deli
2022 diluted earnings of $2.43 per share, an increase of 20% over the prior year $219 million investment in 2022 infrastructure projects SJW Group (NYSE:SJW) today reported financial results for the fourth quarter and year ended 2022. "SJW Group's strong results in 2022 will lay the foundation for continued success in 2023 and beyond," stated SJW Group Chair, CEO, and President, Eric W. Thornburg. "We addressed the California water supply mix that drove expense volatility in prior years through a settlement agreement approved by the California Public Utilities Commission (CPUC) that benefits customers and San Jose Water Company (SJWC), completed a $60 million generational investment i
5.6% increase in annual dividend 55 years of annual dividend increases The Board of Directors of SJW Group (NYSE:SJW) has declared a quarterly cash dividend of $0.38 per share payable on March 1, 2023, to all shareholders of record at the close of business on Feb. 6, 2023. The March dividend will represent a 5.6% increase over the dividend paid in December 2022. The 2023 annualized dividend will be $1.52 per share compared with $1.44 per share in 2022. "Today's action by our board to increase the annual dividend demonstrates its continuing confidence in SJW Group's mission and employees," said President, Chief Executive Officer and Chair of the Board Eric W. Thornburg. "Our team of t
BofA Securities initiated coverage of SJW with a rating of Neutral and set a new price target of $65.00
Seaport Research Partners upgraded SJW from Neutral to Buy and set a new price target of $68.00
Wells Fargo upgraded SJW from Underweight to Equal Weight and set a new price target of $61.00 from $67.00 previously
UBS downgraded SJW from Buy to Neutral and set a new price target of $78.00 from $85.00 previously
Wells Fargo downgraded SJW from Equal Weight to Underweight and set a new price target of $76.00
JP Morgan downgraded SJW from Overweight to Neutral and set a new price target of $84.00 from $86.00 previously
RBC Capital Mkts downgraded SJW from Outperform to Sector Perform and set a new price target of $85.00 from $76.00 previously
Seaport Research Partners downgraded SJW from Buy to Neutral
Seaport Research Partners downgraded SJW from Buy to Neutral
UBS initiated coverage of SJW with a rating of Buy
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2024 Guidance The following table includes a reconciliation of the company's 2024 diluted EPS guidance (GAAP) to adjusted diluted EPS guidance (non-GAAP): 2024 Earnings Guidance Estimated Diluted EPS Guidance on a GAAP Basis $ 2.66 to 2.76 Adjustments: Loss on sale of real estate investments, net of tax 0.02 0.02 Adjusted EPS Guidance (non-GAAP) $
SJW Gr (NYSE:SJW) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.57 by 15.79 percent. This is a 13.79 percent increase over earnings of $0.58 per share from the same period last year. The company reported quarterly sales of $176.17 million which beat the analyst consensus estimate of $165.00 million by 6.77 percent. This is a 12.29 percent increase over sales of $156.89 million the same period last year.
2024 Guidance Reaffirmed The company's 2024 full-year guidance is reaffirmed and includes: Net income per diluted common share of $2.68 to $2.78; and, Regulated infrastructure investments of approximately $332 million In addition, we reiterate our non-linear long-term diluted EPS growth of 5% to 7%, anchored off 2022's diluted EPS of $2.43. When considering the company's 2024 guidance relative to actual results in 2023 of $2.68 diluted EPS, it is important to note that the company's adjustment to income tax reserves in 2023 resulted in an increase of $0.14 per diluted share. Our guidance is subject to risks and uncertainties, including, without limitation, those factors outlined in
SJW Gr (NYSE:SJW) reported quarterly earnings of $0.36 per share which missed the analyst consensus estimate of $0.39 by 7.69 percent. This is a 2.7 percent decrease over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $149.382 million which beat the analyst consensus estimate of $140.500 million by 6.32 percent. This is a 8.80 percent increase over sales of $137.296 million the same period last year.
Seaport Global analyst Angie Storozynski upgrades SJW Gr (NYSE:SJW) from Neutral to Buy and announces $68 price target.
SJW Gr (NYSE:SJW) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.57 by 3.51 percent. The company reported quarterly sales of $171.34 million which beat the analyst consensus estimate of $161.00 million by 6.42 percent. This is a 0.02 percent decrease over sales of $171.37 million the same period last year.
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SJW Gr (NYSE:SJW) is set to give its latest quarterly earnings report on Wednesday, 2024-02-21. Here's what investors need to know before the announcement. Analysts estimate that SJW Gr will report an earnings per share (EPS) of $0.60. SJW Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.17, which was followed by a 2.12% increase in the share price the next day.