Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Reaches New 12-Month High – Here’s What Happened

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $28.08 and last traded at $28.28, with a volume of 1660 shares traded. The stock had previously closed at $27.33.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SBS shares. Zacks Research cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. Weiss Ratings reissued 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

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

The stock has a market capitalization of $19.80 billion, a PE ratio of 15.54, a PEG ratio of 4.09 and a beta of 0.78. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average price of $25.07 and a 200-day moving average price of $23.78.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last issued its earnings results on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.27. The business had revenue of $4.69 billion during the quarter, compared to analyst estimates of $1.07 billion. 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%. Research analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS for the current fiscal year.

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

The firm also recently announced a special dividend, which will be paid on Monday, May 11th. Investors 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 dividend payout ratio (DPR) is presently 40.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake 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 valued at $51,000 after acquiring an additional 1,666 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 373.6% in the second quarter. Creative Financial Designs Inc. ADV now owns 3,159 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 2,492 shares during the last quarter. CWM LLC boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 82.9% during the third quarter. CWM LLC now owns 4,180 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 1,895 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 856.5% in the second quarter. Hantz Financial Services Inc. now owns 5,041 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 4,514 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter worth $133,000. 10.62% of the stock is owned by 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.