Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Hits New 1-Year High – Should You Buy?

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) hit a new 52-week high during trading on Monday . The company traded as high as $28.39 and last traded at $28.3590, with a volume of 515108 shares trading hands. The stock had previously closed at $27.59.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SBS. Zacks Research raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has an average rating of “Moderate Buy”.

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

The stock has a market capitalization of $20.13 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 4.20 and a beta of 0.78. The business’s 50-day moving average price is $25.16 and its 200 day moving average price is $24.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.17.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its earnings results on Wednesday, November 12th. The utilities provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.07 by $0.27. The business had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 16.08% and a net margin of 22.32%. Research analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current year.

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

The business also recently announced a special dividend, which will be paid on Monday, May 11th. Investors of record on Monday, December 29th will be paid 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 (DPR) is currently 40.33%.

Hedge Funds Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock valued at $51,000 after buying an additional 1,666 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 373.6% in the second quarter. Creative Financial Designs Inc. ADV now owns 3,159 shares of the utilities provider’s stock valued at $69,000 after acquiring an additional 2,492 shares during the last quarter. CWM LLC raised 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 valued at $104,000 after purchasing an additional 1,895 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 856.5% during the second quarter. Hantz Financial Services Inc. now owns 5,041 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 4,514 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the second quarter worth about $133,000. Hedge funds and other institutional investors own 10.62% of the company’s stock.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

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.