Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Bought by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,375,000 shares of the utilities provider’s stock after purchasing an additional 125,000 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $20,941,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Significant Wealth Partners LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter worth $199,000. Federated Hermes Inc. boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 63.0% during the fourth quarter. Federated Hermes Inc. now owns 76,794 shares of the utilities provider’s stock worth $1,170,000 after buying an additional 29,694 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 57.9% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 26,715 shares of the utilities provider’s stock worth $407,000 after buying an additional 9,800 shares during the last quarter. Lester Murray Antman dba SimplyRich acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter worth $224,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at $206,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

Analysts Set New Price Targets

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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 2.4 %

Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock traded down $0.38 during trading hours on Tuesday, hitting $15.68. The company’s stock had a trading volume of 108,961 shares, compared to its average volume of 899,649. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a twelve month low of $8.75 and a twelve month high of $17.14. The firm has a fifty day moving average of $16.02 and a 200-day moving average of $14.85. The stock has a market cap of $10.72 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 0.85 and a beta of 1.23. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.99 and a current ratio of 1.01.

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

The firm also recently declared an annual dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, April 29th will be paid a $0.2808 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, April 26th. This is a positive change 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 52.33%.

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.