Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Reaches New 52-Week High – Here’s What Happened

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $30.36 and last traded at $30.1580, with a volume of 99780 shares trading hands. The stock had previously closed at $29.83.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SBS shares. Zacks Research raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. 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. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has an average rating of “Moderate Buy”.

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

The business’s 50 day moving average is $26.07 and its two-hundred day moving average is $24.81. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $21.39 billion, a PE ratio of 16.80, a P/E/G ratio of 5.73 and a beta of 0.78.

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

The business also recently disclosed a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, December 29th will be given a $0.4772 dividend. The ex-dividend date is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s payout ratio is presently 40.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SBS. VPR Management LLC lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% in the fourth quarter. VPR Management LLC now owns 29,056 shares of the utilities provider’s stock worth $693,000 after buying an additional 376 shares during the last quarter. Creative Planning boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% during the third quarter. Creative Planning now owns 31,150 shares of the utilities provider’s stock valued at $775,000 after purchasing an additional 386 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 18,343 shares of the utilities provider’s stock worth $437,000 after acquiring an additional 406 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.2% during the 4th quarter. Signaturefd LLC now owns 9,750 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 484 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.0% during the fourth quarter. Quadrant Capital Group LLC now owns 10,344 shares of the utilities provider’s stock worth $247,000 after acquiring an additional 491 shares during the last quarter. 10.62% of the stock is owned by hedge funds and other institutional investors.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

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.