Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Shares Sold by Quilter Plc

Quilter Plc trimmed its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 10.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 629,154 shares of the utilities provider’s stock after selling 73,574 shares during the period. Quilter Plc’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $15,005,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SBS. EverSource Wealth Advisors LLC grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 1,666 shares during the period. CWM LLC raised its position 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 buying an additional 1,895 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 68.2% in the third quarter. Creative Financial Designs Inc. ADV now owns 5,315 shares of the utilities provider’s stock valued at $132,000 after acquiring an additional 2,156 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter valued at $133,000. Finally, Farther Finance Advisors LLC grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 32.2% during the third quarter. Farther Finance Advisors LLC now owns 5,505 shares of the utilities provider’s stock valued at $137,000 after acquiring an additional 1,341 shares during the period. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on SBS. Jefferies Financial Group assumed coverage on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Thursday, March 19th. They set a “buy” rating and a $36.60 price target for the company. Zacks Research raised 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. Finally, Weiss Ratings upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday, March 17th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp currently has a consensus rating of “Strong Buy” and an average price target of $36.60.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 0.0%

NYSE:SBS opened at $30.39 on Monday. The business’s 50-day moving average is $28.72 and its two-hundred day moving average is $26.12. The firm has a market capitalization of $21.39 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 6.02 and a beta of 0.75. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12 month low of $16.52 and a 12 month high of $30.78. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.12 and a quick ratio of 1.12.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last issued its earnings results on Saturday, February 14th. The utilities provider reported $0.71 earnings per share for the quarter. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 15.76% and a net margin of 23.64%.The company had revenue of $1.03 billion during the quarter. Research analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current fiscal year.

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

The business also recently declared a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Friday, March 27th will be issued a $0.4772 dividend. This represents a yield of 55.0%. The ex-dividend date is Friday, March 27th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio is currently 4.57%.

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.