Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Reaches New 1-Year High Following Analyst Upgrade

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) hit a new 52-week high during mid-day trading on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The company traded as high as $28.08 and last traded at $28.28, with a volume of 1660 shares traded. The stock had previously closed at $27.33.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 24,440 shares of the utilities provider’s stock worth $583,000 after buying an additional 740 shares during the last quarter. Ballentine Partners LLC raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 6.7% during the 4th quarter. Ballentine Partners LLC now owns 9,907 shares of the utilities provider’s stock worth $236,000 after acquiring an additional 625 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 18,343 shares of the utilities provider’s stock worth $437,000 after purchasing an additional 406 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 32.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 560,998 shares of the utilities provider’s stock worth $13,376,000 after purchasing an additional 138,249 shares in the last quarter. Finally, UBS Group AG lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 248.9% in the fourth quarter. UBS Group AG now owns 968,096 shares of the utilities provider’s stock valued at $23,089,000 after buying an additional 690,636 shares during the last quarter. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 2.7%

The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The firm has a market cap of $19.70 billion, a PE ratio of 15.40, a P/E/G ratio of 4.22 and a beta of 0.78. The company’s fifty day moving average price is $25.12 and its two-hundred day moving average price is $23.86.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.27. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate 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%. As a group, sell-side analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current fiscal year.

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

The company also recently announced 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%.

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.