San Jose Water Group (SJW) is a small-cap ($1.7B) water utility based in California. SJW has 1 million customers in the Bay Area, serving a number of affluent areas, including San Jose, Cupertino, Campbell, Monte Sereno, Saratoga, and the Town of Los Gatos. SJW also serves roughly 50 thousand customers in Texas (the region between Austin and San Antonio). Lastly, SJW has a small real estate business. While the occasional transaction can have an impact, it generally has a negligible contribution and generated only 1% of 2018 revenues.
SJW earned $1.82 per share