Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Gap Up to $15.49

Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) gapped up prior to trading on Monday . The stock had previously closed at $15.49, but opened at $16.14. Companhia de Saneamento Básico do Estado de São Paulo – SABESP shares last traded at $15.98, with a volume of 1,303,340 shares trading hands.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Up 3.6 %

The firm’s 50 day moving average is $16.02 and its two-hundred day moving average is $14.68. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.55. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 0.82 and a beta of 1.23.

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

The firm also recently announced an annual dividend, which will be paid on Friday, July 5th. Investors of record on Monday, April 29th will be given a dividend of $0.2808 per share. This represents a yield of 1.4%. The ex-dividend date is Friday, April 26th. This is an increase from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.19. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s dividend payout ratio is 26.74%.

Institutional Trading of Companhia de Saneamento Básico do Estado de São Paulo – SABESP

A number of institutional investors and hedge funds have recently bought and sold shares of SBS. Trium Capital LLP increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 12.9% during the third quarter. Trium Capital LLP now owns 53,061 shares of the utilities provider’s stock valued at $643,000 after purchasing an additional 6,052 shares during the period. Jump Financial LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter valued at $323,000. Van ECK Associates Corp increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 13.1% during the third quarter. Van ECK Associates Corp now owns 7,961 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 921 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter valued at $2,967,000. Finally, UBS Group AG boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 0.9% during the third quarter. UBS Group AG now owns 260,956 shares of the utilities provider’s stock valued at $3,163,000 after buying an additional 2,207 shares in the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

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.