SJW Group (SJW) Bundle
A Brief History of SJW Group (SJW)
Company Overview
SJW Group is a publicly traded water utility holding company headquartered in San Jose, California. Ticker symbol: SJW on the New York Stock Exchange.
| Financial Metric | 2023 Value |
|---|---|
| Market Capitalization | $2.1 billion |
| Annual Revenue | $593.4 million |
| Net Income | $82.6 million |
Operational Territories
- California Water Service (primary subsidiary)
- Serves 3.4 million people
- Operates in 100 communities across California
Key Financial Performance
| Year | Total Assets | Total Equity |
|---|---|---|
| 2023 | $3.2 billion | $1.1 billion |
Regulatory Environment
Regulated by California Public Utilities Commission. Rate base of $1.85 billion as of 2023.
Infrastructure
- Manages 34 water treatment plants
- Operates 4,800 miles of water distribution pipelines
- Serves approximately 1 million customer connections
A Who Owns SJW Group (SJW)
Institutional Ownership
As of Q4 2023, the institutional ownership of SJW Group (SJW) is distributed as follows:
| Institutional Investor | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc | 1,852,706 | 15.43% |
| BlackRock Inc | 1,421,543 | 11.84% |
| State Street Corporation | 857,294 | 7.14% |
| Wells Fargo & Company | 542,176 | 4.51% |
Major Shareholders
- Eric W. Hofmann (Chairman of the Board)
- Lynn M. Hermle (Lead Independent Director)
- Douglas R. King (Director)
Insider Ownership
Insider ownership percentage: 2.7%
Public Float
Total shares outstanding: 12,008,124
Public float: 11,697,912 shares
SJW Group (SJW) Mission Statement
Company Overview
SJW Group is a publicly traded water utility holding company headquartered in San Jose, California. As of 2024, the company serves approximately 1.5 million people in California and Texas.
Mission Statement Components
| Core Business Focus | Water utility services and infrastructure management |
| Service Territories | California (San Jose Water Company), Texas (Texas Water Company) |
| Annual Revenue (2023) | $387.4 million |
| Total Assets | $2.1 billion |
Strategic Priorities
- Ensure safe and reliable water supply
- Invest in infrastructure modernization
- Promote water conservation
- Maintain regulatory compliance
Financial Performance Metrics
| Market Capitalization | $1.8 billion |
| Net Income (2023) | $62.3 million |
| Dividend Yield | 2.4% |
| Water Connections | 232,000 |
Operational Scope
Service Area Coverage: 143 square miles across multiple counties in California and Texas.
How SJW Group (SJW) Works
Company Overview
SJW Group is a water utility holding company headquartered in San Jose, California. The company operates through its primary subsidiary, San Jose Water Company, serving approximately 229,000 connections in the San Jose metropolitan area.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $296.4 million |
| Net Income | $43.2 million |
| Market Capitalization | $1.2 billion |
| Dividend Yield | 2.1% |
Service Areas
- Santa Clara County, California
- Covering cities including San Jose, Campbell, Los Gatos
- Service area spans approximately 138 square miles
Infrastructure
SJW Group maintains 1,100 miles of water mains, 28 reservoirs, and 29 groundwater wells to support water distribution.
Operational Metrics
| Operational Parameter | 2023 Statistic |
|---|---|
| Total Water Delivered | 54.3 million gallons per day |
| Number of Employees | 540 |
| Water Treatment Capacity | 100 million gallons per day |
Regulatory Compliance
Regulated by the California Public Utilities Commission, with a authorized return on equity of 9.63% as of 2023.
How SJW Group (SJW) Makes Money
Water Utility Services Revenue
SJW Group generates primary revenue through water utility services across California and Texas. In 2023, the company reported water service revenues of $232.4 million.
| Service Region | Annual Water Service Revenue |
|---|---|
| California | $189.6 million |
| Texas | $42.8 million |
Water Infrastructure Services
SJW Group provides water infrastructure services with annual revenue of $15.3 million in 2023.
- Water system maintenance
- Infrastructure consulting
- Engineering services
Real Estate and Land Management
The company generates additional income through real estate holdings and land management, with 2023 revenues of $7.2 million.
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Operating Revenue | $254.9 million |
| Net Income | $47.6 million |
| Operating Expenses | $207.3 million |
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