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SJW Group
SJW Group

+15.69%

Water service & technology / Water Utilities and Services

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Company at a Glance

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Overview
SJW Group is a publicly traded water utility company based in San Jose, California. It was founded in 1866 and is one of the oldest and largest water utility companies in the western United States. SJW Group provides water service to over one million people in the San Jose, California area through its subsidiary, San Jose Water Company. The company's mission is to provide reliable, high-quality water service to its customers while also focusing on environmental sustainability and community partnerships. SJW Group also has a division, SJWTX, which provides water and wastewater services to customers in the state of Texas. In addition to its core water utility business, SJW Group also operates a real estate business, which acquires and develops properties for its subsidiary companies. The company is committed to responsible and sustainable water management practices, and was recognized as one of the top ten most sustainable water utility companies in North America by the Global Water Intelligence magazine in 2020.
What is special about the company?
1. History and Experience: SJW Group has been in the water utility business for over 150 years, making it one of the oldest and most experienced water utility companies in the United States.
2. Diversified Operations: SJW Group not only provides water utility services but also operates in the real estate and energy sectors, making it a well-diversified company.
3. Strategic Acquisitions: The company has a track record of successful acquisitions, expanding its water utility operations to other states such as Texas, Idaho, and Maine.
4. Commitment to Environmental Stewardship: SJW Group is committed to sustainability and has implemented various initiatives to reduce its environmental impact, including investing in renewable energy and promoting water conservation.
5. Focus on Customer Service: The company prioritizes customer satisfaction and has implemented various programs to improve the quality of its services and communication with customers.
6. Strong Financial Performance: SJW Group has a strong financial track record, with steady revenue growth and consistent profitability, making it a stable and reliable company for investors.
7. Community Involvement: The company is actively involved in the communities it serves through various initiatives such as charitable donations, volunteer work, and educational programs.
8. Innovation and Technology: SJW Group invests in innovative technologies to improve its operations and enhance the quality of its services, such as leak detection and remote metering systems.
9. Ethical Standards: The company upholds high ethical standards in its operations, including diversity and inclusion, corporate governance, and employee relations.
10. Industry Recognition: SJW Group has received various accolades and awards for its operational excellence, commitment to sustainability, and corporate responsibility.
What the company's business model?
The SJW Group is a publicly traded company that provides regulated water and wastewater services to residential, commercial, and industrial customers. Their business model centers around acquiring, developing, and operating water systems in high-growth areas, as well as providing exceptional customer service and investing in infrastructure improvement projects. They also focus on sustainable water management practices and environmentally responsible operations. In addition to their core water utility business, the SJW Group also owns and operates real estate properties and engages in non-regulated activities such as wholesale water supply, wastewater treatment, and utility management consulting services. They generate revenue primarily through water sales and other water-related services.
Interesting facts about the company
• SJW Group was originally founded in 1866 as the San Jose Water Works.
• The company is one of the oldest and largest investor-owned water utilities in the United States.
• SJW Group is headquartered in San Jose, California and serves over 1 million customers in California, Texas, and Connecticut.
• The company is publicly traded on the New York Stock Exchange under the ticker symbol SJW.
• SJW Group has a long history of promoting sustainable water management practices, including using recycled water for irrigation and partnering with local organizations to protect and preserve water resources.
• In 2015, SJW Group was named one of the World’s Most Ethical Companies by the Ethisphere Institute.
• The company has a strong commitment to giving back to the communities it serves, donating over $1 million to various charitable organizations and programs each year.
• SJW Group is consistently ranked as one of the best water utilities in the country by industry publications and organizations.
• The company has received numerous awards and recognition for its environmental stewardship, customer service, and corporate responsibility efforts.
• In 2018, SJW Group merged with Connecticut Water Service, creating one of the largest and most geographically diverse water utility companies in the United States.
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