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.
This page provides a historical and ongoing news archive for SJW, the former Nasdaq ticker for SJW Group, which has since rebranded as H2O America and now trades under the symbol HTO. Company news releases describe a national investor-owned network of local water and wastewater utilities focused on delivering clean, high-quality water and investing in critical infrastructure.
News items associated with the SJW symbol and its successor HTO include corporate rebranding announcements, leadership transitions, capital investment plans, regulatory decisions and financial results. For example, the company announced its name change to H2O America and new ticker symbol HTO, detailed multi-year capital plans for water and wastewater infrastructure, and reported annual and quarterly earnings with both GAAP and non-GAAP measures.
Sector-specific updates are common, such as general rate case decisions in California, infrastructure and conservation adjustments in Connecticut, water infrastructure charges in Maine, and system infrastructure charges in Texas. Releases also highlight dividend declarations and the company’s long history of consecutive dividend payments and annual dividend increases.
More recent communications under the H2O America name describe initiatives like proposed acquisitions of additional water and sewer utility assets in Texas and regulatory approvals for unified rate structures at subsidiaries such as The Maine Water Company. Together, these items illustrate how the company manages its regulated water and wastewater operations, interacts with state regulators and pursues growth within the utilities sector.
Investors and observers can use this news feed to review the company’s historical announcements under the SJW ticker and to understand the developments that shaped its evolution into H2O America (HTO), including strategy, regulation, capital spending and governance changes.
SJW Group (NYSE: SJW) announced the appointment of Mohammed G. (Rally) Zerhouni as the new senior vice president of finance and principal accounting officer, effective January 30. Zerhouni succeeds Wendy Avila-Walker, who is retiring after over 17 years. Previously, Zerhouni served as CFO of Veolia North America and brings extensive experience in utility finance and accounting. SJW Group's CEO, Eric W. Thornburg, expressed confidence in Zerhouni's capabilities, highlighting his alignment with the company's values of teamwork and transparency. SJW serves approximately 1.5 million customers across water-related utilities.
SJW Group (NYSE: SJW) has announced a 5.6% increase in its annual dividend, now set at
SJW Group (NYSE: SJW) announced the acquisition of KT Water Development Ltd and KT Water Resources L.P. by its Texas subsidiary, SJWTX Inc., aimed at enhancing water supply services. This deal will add over 550 customers and boost system-wide water supply by 50%, addressing current and future growth in Comal County, Texas. The acquisition, pending approval from the Public Utilities Commission of Texas (PUCT), is expected to finalize in Q3 2023. This strategic move aligns with the company’s commitment to sustainable growth, as SJWTX has expanded its customer base from 6,500 to 26,000 since 2006 through multiple acquisitions.
SJW Group has appointed Bruce A. Hauk as its new Chief Operating Officer, effective January 1, 2023. Hauk, who joined the company in August 2022, will oversee utility operations serving over 1.5 million customers across California, Connecticut, Maine, and Texas. He aims to enhance the company’s acquisition strategies and operational efficiency. Hauk's leadership is expected to significantly contribute to SJW Group’s growth strategy, building on a record of over 60% customer growth and more than double the utility plant in the last five years.
SJW Group (NYSE: SJW) has announced the promotion of Stephanie Orosco to Chief Human Resources Officer, effective November 4, 2022. Previously the Vice President of HR at San Jose Water, Orosco will lead HR strategy focusing on areas such as succession planning and talent management. SJW Group, a leading water utility serving about 1.5 million people, emphasizes employee welfare and organizational performance. Executive statements highlight Orosco's dedication to company culture and talent retention.
SJW Group has promoted Kristen A. Johnson to Senior Vice President and Chief Administrative Officer, a role she has held since 2019. Johnson will continue leading various strategic initiatives across information technology, human resources, and enterprise risk teams. Eric W. Thornburg, SJW Group Chair, emphasized Johnson's significant impact on the organization. Johnson also serves at Connecticut Water Company, demonstrating her leadership capabilities. SJW Group is a major player in the water utility industry, serving approximately 1.5 million customers across multiple states.
Connecticut Water Service, Inc. (a subsidiary of SJW Group) announces the retirement of Maureen P. Westbrook, president of CTWS, effective Dec. 31, 2022. Craig J. Patla, vice president of service delivery, will succeed her from Jan. 1, 2023. Westbrook has been instrumental in the company's success since joining in 1988 and leading since 2019. Patla has extensive experience in operational roles and has been with the company since 1990. The leadership transition aims to maintain the company's commitment to service and environmental stewardship.
SJW Group (NYSE: SJW) has appointed Marisa Joss as Deputy General Counsel and Assistant Corporate Secretary. In this role, she will provide legal and risk management support to SJW and its subsidiaries. Marisa brings substantial experience from Consolidated Edison and Eleusis, along with strong governance and compliance expertise. This appointment aims to align with SJW’s values and enhance its leadership team with her industry knowledge. SJW Group continues to focus on delivering high-quality water services to about 1.5 million people across the U.S.
SJW Group reported Q3 2022 diluted earnings of $0.82 per share, up from $0.64 in Q3 2021, with operating revenue of $176.0 million. The results were affected by regulatory changes and delays. The company anticipates an additional $25.1 million in revenues thanks to an approved California rate case. SJW reaffirmed its 2022 earnings guidance of $2.30 to $2.40 per diluted share, alongside approximately $223 million in regulated infrastructure investments. A dividend of $0.36 per share was also declared.
SJW Group (NYSE: SJW) will announce its third-quarter 2022 financial results on October 27, 2022, after market close. A webcast presentation featuring CEO Eric Thornburg and CFO Andrew F. Walters will be held on October 28, 2022, at 10 a.m. PT / 1 p.m. ET. Investors can access the webcast and materials via www.sjwgroup.com, with an archive available until January 23, 2023. SJW Group provides essential water services to approximately 1.5 million people across several states.