Short Interest in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Drops By 14.5%

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 3,354,612 shares, a drop of 14.5% from the February 12th total of 3,923,669 shares. Based on an average daily trading volume, of 937,803 shares, the short-interest ratio is currently 3.6 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 937,803 shares, the short-interest ratio is currently 3.6 days.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 1.9%

SBS stock traded down $0.54 during trading on Wednesday, hitting $28.23. 1,120,840 shares of the company’s stock were exchanged, compared to its average volume of 1,387,948. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $27.33 and a two-hundred day moving average price of $25.54. The stock has a market capitalization of $19.86 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 5.43 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.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings results on Tuesday, March 17th. The utilities provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. 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 firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. As a group, equities research analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS for the current year.

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 Friday, March 27th will be issued a $0.4772 dividend. This represents a dividend yield of 56.0%. The ex-dividend date of this dividend is Friday, March 27th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio is presently 40.33%.

Analyst Upgrades and Downgrades

A number of analysts have commented on SBS shares. 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. Zacks Research upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy”.

Institutional Trading of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

A number of large investors have recently bought and sold shares of the business. Arax Advisory Partners acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter valued at about $26,000. Garton & Associates Financial Advisors LLC acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter worth approximately $54,000. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $51,000 after buying an additional 1,666 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter valued at approximately $86,000. Institutional investors and hedge funds 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.