Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Shares Purchased by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 13.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,516 shares of the utilities provider’s stock after purchasing an additional 24,448 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $5,240,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in SBS. EverSource Wealth Advisors LLC raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% in the 2nd 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 during the period. CWM LLC raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 82.9% in the 3rd quarter. CWM LLC now owns 4,180 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 1,895 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 68.2% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,315 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 2,156 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 2nd quarter worth about $133,000. Finally, Farther Finance Advisors LLC increased its position in 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 worth $137,000 after purchasing an additional 1,341 shares in the last quarter. 10.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SBS. 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, January 21st. 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 research report on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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

Shares of NYSE SBS opened at $27.59 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.17. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1-year low of $16.11 and a 1-year high of $30.63. The company has a market capitalization of $19.42 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 5.45 and a beta of 0.78. The business has a 50-day moving average of $26.75 and a 200-day moving average of $25.18.

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

The company also recently disclosed a special dividend, which will be paid on Monday, May 11th. Stockholders 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 dividend payout ratio (DPR) is currently 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.