Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Shares Gap Down – Should You Sell?

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) gapped down before the market opened on Monday . The stock had previously closed at $25.22, but opened at $23.81. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp shares last traded at $23.7940, with a volume of 49,126 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SBS shares. Zacks Research lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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

The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The firm’s fifty day moving average price is $25.33 and its 200-day moving average price is $23.12. The stock has a market cap of $17.00 billion, a P/E ratio of 13.37, a PEG ratio of 3.64 and a beta of 0.80.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 16.08% and a net margin of 22.32%.The business had revenue of $4.69 billion during the quarter, compared to analyst estimates of $1.07 billion. Analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current year.

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

The company also recently announced a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, December 29th will be issued a dividend of $0.4772 per share. The ex-dividend date is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio is 39.25%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SBS. GAMMA Investing LLC boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 42.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider’s stock valued at $41,000 after buying an additional 552 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 1,666 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 88.2% in the 2nd quarter. Parallel Advisors LLC now owns 2,885 shares of the utilities provider’s stock worth $63,000 after buying an additional 1,352 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 373.6% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,159 shares of the utilities provider’s stock worth $69,000 after buying an additional 2,492 shares during the last quarter. Finally, CWM LLC increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 82.9% during the 3rd quarter. CWM LLC now owns 4,180 shares of the utilities provider’s stock valued at $104,000 after buying an additional 1,895 shares in the last quarter. Hedge funds and other institutional investors own 10.62% of the company’s stock.

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.