Capital Wealth Planning LLC Makes New $4.72 Million Investment in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Capital Wealth Planning LLC purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 189,623 shares of the utilities provider’s stock, valued at approximately $4,720,000.

A number of other large investors have also made changes to their positions in SBS. EverSource Wealth Advisors LLC boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock worth $51,000 after buying an additional 1,666 shares in the last quarter. CWM LLC grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 82.9% during the third quarter. CWM LLC now owns 4,180 shares of the utilities provider’s stock worth $104,000 after buying an additional 1,895 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 68.2% in the third quarter. Creative Financial Designs Inc. ADV now owns 5,315 shares of the utilities provider’s stock valued at $132,000 after buying an additional 2,156 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 2nd quarter valued at approximately $133,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 32.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,505 shares of the utilities provider’s stock valued at $137,000 after acquiring an additional 1,341 shares during the period. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Price Performance

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $27.28 on Friday. The firm has a market capitalization of $19.20 billion, a PE ratio of 15.10, a P/E/G ratio of 5.35 and a beta of 0.78. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $16.52 and a 52 week high of $30.63. The firm’s 50-day simple moving average is $27.17 and its 200 day simple moving average is $25.41. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Announces Dividend

The firm also recently declared a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, December 29th will be issued a $0.4772 dividend. The ex-dividend date of this dividend is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio is 40.33%.

Analyst Ratings Changes

SBS has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Wednesday, January 21st. Zacks Research raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Strong Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.