Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.24 and traded as high as $24.52. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp shares last traded at $24.4770, with a volume of 1,418,719 shares.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SBS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Wednesday, October 8th. Zacks Research downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 0.3%

The business has a 50-day moving average price of $25.28 and a 200-day moving average price of $23.29. The stock has a market cap of $17.30 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 3.77 and a beta of 0.81. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 22.32% and a return on equity of 16.08%. The company had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $1.07 billion. As a group, 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 Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, December 29th will be paid a dividend of $0.4772 per share. The ex-dividend date is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s payout ratio is 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 made changes to their positions in the company. Creative Planning increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% during the 3rd quarter. Creative Planning now owns 31,150 shares of the utilities provider’s stock worth $775,000 after purchasing an additional 386 shares during the period. Blue Trust Inc. raised its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.1% in the second quarter. Blue Trust Inc. now owns 26,468 shares of the utilities provider’s stock valued at $582,000 after acquiring an additional 543 shares in the last quarter. GAMMA Investing LLC lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 42.7% in the second quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 552 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.4% in the second quarter. Yousif Capital Management LLC now owns 11,115 shares of the utilities provider’s stock worth $244,000 after acquiring an additional 565 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3.2% during the 3rd quarter. US Bancorp DE now owns 20,029 shares of the utilities provider’s stock worth $499,000 after acquiring an additional 612 shares in 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 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.