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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 (NYSE: SJW) achieved the highest ranking of any water utility in the Newsweek Excellence 1000 Index 2024. Positioned at #190, SJW Group is among the top 20 percent of companies globally, alongside renowned brands like Nike, IBM, and Marriott International.
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SJW Group has appointed Marisa Joss as corporate secretary, effective October 25, 2023. Joss will also continue in her previous role as deputy general counsel subsidiaries. She has more than a decade of experience with utilities and has been praised for her governance and leadership expertise.
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SJW Group (NYSE: SJW) reported Q3 2023 financial results, with diluted earnings of $1.13 per share, a YoY increase of $0.31. They invested $196 million in infrastructure through the first nine months of 2023. Acquired KT Water Development and KT Water Resources. Quarterly dividend of $0.38 per share declared. 2023 guidance increased to $2.65-$2.70.
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SJW Group to release third quarter 2023 financial results
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Connecticut Water Company files application to amend customer rates with PURA, seeking to recover $135 million in infrastructure investments and reflect higher operating costs. If approved, annual revenues could increase by approximately $21 million, or 18%, effective July 1, 2024. Proposal includes expansion of low-income assistance programs and a 5% increase in public fire charges for most municipalities.
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San Jose Water introduces new self-service payment options for customers, including PayPal, Venmo, and digital wallets.
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Denise L. Kruger appointed to SJW Group board of directors, bringing extensive experience in the water utility industry. Positive impact on stock price expected.
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SJW Group (NYSE: SJW) announces the appointment of Aundrea Williams as president of The Texas Water Company (TWC), effective August 21, 2023. Williams brings extensive experience in regulatory and legislative strategy from her previous roles at NextEra Energy Resources and NRG. Her appointment is expected to strengthen TWC's focus on customer service, environmental stewardship, and employee well-being, aligning with SJW Group's vision for a culture based on trust and engagement.
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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