|Bid||57.37 x 100|
|Ask||64.15 x 100|
|Day's Range||56.35 - 57.67|
|52 Week Range||45.39 - 69.29|
|PE Ratio (TTM)||19.90|
|Earnings Date||Feb 16, 2017 - Feb 20, 2017|
|Forward Dividend & Yield||1.12 (2.09%)|
|1y Target Est||63.00|
A four-way bidding war may break out among water utilities, as SJW had agreed to merge with Connecticut Water, while the firms have since refused offers from California Water and Eversource Energy, respectively....
SJW Group today announced that the Board of Directors declared a quarterly dividend on common stock of $0.28 per share. The dividend is payable on June 1, 2018, to shareholders of record at the close of business on May 7, 2018.
On a per-share basis, the San Jose, California-based company said it had profit of 6 cents. Earnings, adjusted for non-recurring costs, were 19 cents per share. The parent of San Jose Water Co. posted ...
SJW Group today reported financial results for the first quarter ended March 31, 2018. SJW Group net income was $1.3 million for the quarter ended March 31, 2018, compared to $3.7 million for the same period in 2017.
Connecticut Water (CTWS) rejects the acquisition bid from Eversource Energy and remains committed to the earlier offer made by SJW Group.
Connecticut Water Service Inc said on Thursday it had rejected a $748 million takeover bid by Eversource Energy, New England's largest power utility, aimed at disrupting its merger with SJW Group agreed in March. Eversource's offer, first reported by Reuters earlier on Thursday, came as utilities are turning to mergers and acquisitions to lower costs and help fund investment to upgrade aging infrastructure. Eversource made the offer of $63.50 per share in cash and stock on April 5, it said in a statement.
SJW Group (SJW) today issued the following statement regarding Connecticut Water Service, Inc.’s (CTWS) receipt and rejection of an unsolicited, non-binding indication of interest from Eversource Energy (ES) regarding a potential proposal to acquire Connecticut Water. “SJW Group and Connecticut Water previously announced on March 15, 2018, that they have entered into an agreement to combine through a merger of equals. Under the terms of the agreement, Connecticut Water shareholders will receive 1.1375 shares of SJW Group common stock for each share of Connecticut Water common stock they own, the equivalent of $63.70 per share, based on SJW Group’s closing stock price on April 19, 2018.
Connecticut Water Board of Directors Unanimously Reaffirms Intention to Recommend that All Connecticut Water Shareholders Vote FOR the SJW Group Merger Connecticut Water Board Believes the SJW Group Merger ...
Eversource Energy, New England's largest power utility, has made a $748 million offer to acquire Connecticut Water Service Inc, seeking to disrupt a merger the latter agreed last month with SJW Group, a person familiar with the matter said on Thursday. Eversource has offered to pay $63.50 per share in cash and stock for Connecticut Water Service, the source said, asking not to be identified ahead of any official announcement. Connecticut Water Service' all-stock deal with SJW in March valued it at $61.86 per share.
SJW Group today announced that the Company will release its first quarter 2018 financial results after the close of the market on April 25, 2018. Eric W. Thornburg, President and Chief Executive Officer, and James P.
NEW YORK, March 21, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
NEW ORLEANS , March 19, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed ...
LONDON, UK / ACCESSWIRE / March 19, 2018 / Active-Investors.com has just released a free research report on SJW Group (NYSE: SJW ). If you want access to this report all you need to do is sign up now by ...
The combined water utility will be the third-largest in the United States based on combined rate base and pro forma enterprise value.
Connecticut Water Service (CTWS) is going to merge with SJW Group in an all-stock deal, with shareholders of the former getting a premium of 18% on each share for the merger.
Connecticut Water Service (CTWS) gains from strategic acquisitions in 2017 and is going to merge with SJW Group, an all-stock deal.
SJW Group and Connecticut Water Service, Inc. plan to merge, they said on Thursday, which would create the third-largest investor-owned water and wastewater utility in the United States. The combined company will have an equity value of around $1.9 billion and 1.5 million customers in four states: California, Connecticut, Maine and Texas. Mergers and acquisitions in the water utility space offer providers increased scale and efficiency, at a time when new investment is needed to improve infrastructure and water usage has been broadly falling - in particular in California, which has experienced severe drought conditions in recent years.
SJW Group plans to merge with Connecticut Water Service in a roughly $750 million deal that would create the nation’s third-largest publicly traded water utility and represents a rare tie-up among such ...
CLINTON, Conn., March 15, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (CTWS) announced net income of $25.1 million, or earnings per basic average share (EPS) of $2.17, including a $0.13 per share negative impact from the Tax Cuts and Jobs Act passed in December of 2017, on total revenues of $113.8 million in 2017. Total revenues include revenues generated by the Company's three business segments: Water Operations, Service and Rentals, and Real Estate. In 2016, the Company had net income of $23.4 million, or $2.12 EPS, on total revenues of $105.3 million.
SAN JOSE, Calif. and CLINTON, Conn., March 15, 2018 /PRNewswire/ -- SJW Group (SJW) and Connecticut Water Service, Inc. (CTWS) today announced that both companies' boards of directors have unanimously approved a definitive agreement to combine through a merger of equals to create the 3rd largest investor-owned water and wastewater utility in the United States, based on pro forma enterprise value and combined rate base. The combined company will have a strong multi-state presence with high-quality and well-run operations, and constructive regulatory relationships in California, Connecticut, Maine and Texas. It will serve more than 1.5 million people with over 700 employees. In addition to expanding its market presence, the increased scale and more diverse geographic footprint of the new organization provide the opportunity for investments in service and reliability that can enhance value for shareholders as well as for customers and communities. The combined company would have had operating revenue of approximately $496 million and recurring net income of $74 million based on a 2017 pro forma basis.
SJW Group (NYSE:SJW) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. SJW Group along with its subsidiaries is engaged in the production, purchase, storage, purification, ...
The San Jose, California-based company said it had profit of 84 cents per share. Earnings, adjusted for non-recurring gains, were 46 cents per share. The parent of San Jose Water Co. posted revenue of ...
SJW Group today reported financial results for the annual and fourth quarter ended December 31, 2017. SJW Group net income was $59.2 million for the year ended December 31, 2017, compared to $52.8 million for the same period in 2016.
SJW Group today announced that the Board of Directors approved an increase in the 2018 annual dividend over total dividends paid in 2017 of 7.7% or $0.08 per share to $1.12 per share.