Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Sees Large Volume Increase

Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBSGet Free Report) saw an uptick in trading volume on Wednesday . 2,317,574 shares traded hands during trading, an increase of 154% from the previous session’s volume of 910,724 shares.The stock last traded at $15.71 and had previously closed at $15.48.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on SBS

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Performance

The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 14.78 and a beta of 1.18. The stock has a 50 day moving average of $14.53 and a 200 day moving average of $15.36. The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 0.63.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBSGet Free Report) last announced its earnings results on Friday, May 10th. The utilities provider reported $0.24 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 disclosed an annual dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, April 29th were issued a dividend of $0.2808 per share. This is an increase from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.19. The ex-dividend date of this dividend was Friday, April 26th. This represents a dividend yield of 1.4%. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s payout ratio is currently 19.81%.

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

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 46.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,257,167 shares of the utilities provider’s stock worth $49,607,000 after buying an additional 1,034,319 shares during the last quarter. Banco BTG Pactual S.A. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 698.7% in the 4th quarter. Banco BTG Pactual S.A. now owns 905,676 shares of the utilities provider’s stock valued at $13,929,000 after acquiring an additional 792,276 shares in the last quarter. Kapitalo Investimentos Ltda boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 35.5% during the 4th quarter. Kapitalo Investimentos Ltda now owns 859,217 shares of the utilities provider’s stock valued at $13,086,000 after purchasing an additional 225,214 shares during the last quarter. Jane Street Group LLC increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 129.9% during the 1st quarter. Jane Street Group LLC now owns 332,201 shares of the utilities provider’s stock worth $5,591,000 after purchasing an additional 187,706 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.0% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,375,000 shares of the utilities provider’s stock worth $20,941,000 after purchasing an additional 125,000 shares during the last quarter. 10.62% of the stock is currently owned by institutional investors.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

(Get Free Report)

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.

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