Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Trading 5% Higher

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) rose 5% during mid-day trading on Monday . The stock traded as high as $14.15 and last traded at $14.12. Approximately 417,587 shares traded hands during trading, a decline of 52% from the average daily volume of 877,396 shares. The stock had previously closed at $13.45.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.23 and a quick ratio of 1.21. The firm has a fifty day simple moving average of $14.64 and a 200-day simple moving average of $15.37. The firm has a market cap of $9.39 billion, a P/E ratio of 12.97 and a beta of 1.18.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last issued its earnings results on Friday, May 10th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $1.33 billion for the quarter. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 12.14% and a net margin of 13.62%.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, July 5th. Investors of record on Monday, April 29th will be issued a dividend of $0.2808 per share. The ex-dividend date is Friday, April 26th. This is a boost from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.19. This represents a yield of 1.4%. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s payout ratio is 19.81%.

Hedge Funds Weigh In On Companhia de Saneamento Básico do Estado de São Paulo – SABESP

Institutional investors have recently modified their holdings of the business. Pingora Partners LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth $30,000. Blue Trust Inc. raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 316.6% during the 4th quarter. Blue Trust Inc. now owns 2,687 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 2,042 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,698 shares of the utilities provider’s stock worth $118,000 after buying an additional 857 shares during the last quarter. SG Americas Securities LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at about $130,000. Finally, First Trust Direct Indexing L.P. purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter worth about $152,000. 10.62% of the stock is owned by institutional investors.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile

Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State.