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SJW Group - SJW STOCK NEWS

Welcome to our dedicated page for SJW Group news (Ticker: SJW), a resource for investors and traders seeking the latest updates and insights on SJW Group stock.

SJW Group Common Stock (symbol: SJW) is a U.S.-based holding company that primarily offers water utility services. With headquarters in San Jose, California, the company is dedicated to providing, storing, purifying, and distributing water to several Californian municipalities, as well as other states across the nation. SJW Group operates through two main segments: Water Utility Services and Real Estate Services.

The Water Utility Services segment is the cornerstone of the company's operations, accounting for the majority of its revenue. This segment focuses on ensuring the reliable delivery of clean and safe water to residential, commercial, and industrial customers. SJW Group emphasizes stringent water quality standards and employs advanced purification technologies to meet regulatory requirements and customer expectations.

The Real Estate Services segment complements the water utility operations by managing the company's real estate assets. This includes the strategic acquisition, development, and leasing of properties to maximize value. While not the primary revenue driver, this segment provides additional financial stability and growth opportunities.

Recently, SJW Group has been involved in several key projects aimed at enhancing infrastructure and expanding service coverage. For example, the company has initiated upgrades to aging water pipelines and treatment facilities to improve efficiency and reliability. Additionally, SJW Group is exploring sustainable water sourcing options to address the challenges posed by climate change and growing demand.

Financially, SJW Group maintains a solid position with consistent revenue growth and prudent management of resources. The company has formed strategic partnerships to bolster its service offerings and enhance customer satisfaction. These collaborations often involve local governments, environmental agencies, and technology providers.

Overall, SJW Group is committed to upholding the highest standards in water utility services while exploring innovative solutions to meet future demands. Investors and stakeholders can feel confident in SJW Group's ability to adapt and thrive in a dynamic industry landscape.

Rhea-AI Summary
SJW Group (SJW) plans to release its 2024 first-quarter financial results on April 25, 2024. The company's executives will discuss the results in a webcast on April 26, 2024. Interested parties can access the webcast on SJW Group's investor website.
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SJW Group appoints Nazan Riahei as Vice President of Communications, bringing over 17 years of experience in strategic communications. Riahei will lead internal and external communications, supporting the company's growth and stakeholder relationships.
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SJW Group (NYSE: SJW) announces the appointment of Tanya Moniz-Witten as president of San Jose Water, bringing over 20 years of utility industry experience. Tanya will lead the regulated utility business in San Jose, focusing on strategy, financial performance, growth, and regulatory and customer relationships.
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SJW Group (NYSE: SJW) exceeded financial expectations in 2023 with $2.68 diluted earnings per share, surpassing 2022's $2.43. They invested $272 million in infrastructure, achieving a 10.01% return on equity in California. A 2024 guidance of $2.68 to $2.78 diluted earnings per share was issued.
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Texas Water Company (TWC) has filed an application to acquire 3009 Water Company in Comal County, Texas, citing strong customer growth. President Aundrea Williams highlights their successful acquisition track record.
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San Jose Water, a subsidiary of SJW Group, adopts InvoiceCloud for online bill payment services, achieving a 70% digital payment adoption rate within the first three months. The integration with Oracle Energy and Water teams enhances customer experience and reduces IT burdens.
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SJW Group (NYSE: SJW) will release its Q4 and 2023 year-end financial results on Feb. 21, 2024. The webcast presentation by CEO Thornburg and CFO Walters will follow on Feb. 22, 2024.
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SJW Group announces the deferral of their scheduled 2024 Cost of Capital filings to May 1, 2025, along with three other California water utilities. The decision was granted by the California Public Utilities Commission, and the Water Cost of Capital Mechanism remains in place for 2025, subject to adjustments based on the movement in the Moody’s Aa Utility Bond Index.
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SJW Group (NYSE: SJW) has declared a quarterly cash dividend of $0.40 per share, representing 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. The company has a history of annual dividend increases for 56 years, showcasing its commitment to delivering value for shareholders.
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San Jose Water (SJW) Files 2024 General Rate Case Application for $540 Million Capital Investment Program
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FAQ

What is the current stock price of SJW Group (SJW)?

The current stock price of SJW Group (SJW) is $50.2 as of December 20, 2024.

What is the market cap of SJW Group (SJW)?

The market cap of SJW Group (SJW) is approximately 1.7B.

What does SJW Group primarily do?

SJW Group provides, stores, purifies, and distributes water mainly in Californian municipalities and also has operations in other states.

What are the main segments of SJW Group's operations?

The main segments are Water Utility Services and Real Estate Services.

Where is SJW Group headquartered?

SJW Group is headquartered in San Jose, California.

How does SJW Group ensure water quality?

SJW Group employs advanced purification technologies and adheres to stringent regulatory standards to ensure water quality.

What recent projects has SJW Group undertaken?

Recent projects include upgrading aging water pipelines and treatment facilities, as well as exploring sustainable water sourcing options.

How does the Real Estate Services segment contribute to SJW Group?

The Real Estate Services segment manages SJW Group's real estate assets, providing additional financial stability and growth opportunities.

What strategic partnerships has SJW Group formed?

SJW Group has partnered with local governments, environmental agencies, and technology providers to enhance service offerings and customer satisfaction.

How is SJW Group addressing climate change?

SJW Group is exploring sustainable water sourcing options to address the challenges posed by climate change.

What is the financial outlook of SJW Group?

SJW Group maintains a solid financial position with consistent revenue growth and prudent resource management.

How can I invest in SJW Group?

You can invest in SJW Group by purchasing their common stock, listed under the symbol 'SJW' on the stock market.

SJW Group

NYSE:SJW

SJW Rankings

SJW Stock Data

1.67B
30.53M
8.47%
83.52%
2.28%
Utilities - Regulated Water
Water Supply
Link
United States of America
SAN JOSE