Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Short Interest Down 25.2% in January

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 1,940,905 shares, a decrease of 25.2% from the December 31st total of 2,594,849 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 1,195,823 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 1,195,823 shares, the short-interest ratio is currently 1.6 days. Approximately 0.3% of the company’s shares are short sold.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 1.7%

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock traded up $0.46 during trading hours on Tuesday, reaching $27.79. The stock had a trading volume of 1,986,111 shares, compared to its average volume of 1,240,753. The firm has a market capitalization of $19.56 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 4.16 and a beta of 0.78. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1 year low of $15.70 and a 1 year high of $28.37. 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 firm has a 50 day simple moving average of $25.10 and a two-hundred day simple moving average of $23.84.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its quarterly earnings data 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. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 22.32% and a return on equity of 16.08%. The company had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $1.07 billion. As a group, equities research analysts anticipate 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 Announces Dividend

The business also recently declared a special dividend, which will be paid on Monday, May 11th. Investors of record on Monday, December 29th will be given a dividend of $0.4772 per share. The ex-dividend date of this dividend is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s payout ratio is 40.33%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SBS shares. Weiss Ratings reissued a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Wednesday, January 21st. Zacks Research lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SBS. Creative Planning lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% in the 3rd quarter. Creative Planning now owns 31,150 shares of the utilities provider’s stock worth $775,000 after buying an additional 386 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 18,343 shares of the utilities provider’s stock worth $437,000 after acquiring an additional 406 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.2% in the fourth quarter. Signaturefd LLC now owns 9,750 shares of the utilities provider’s stock worth $233,000 after acquiring an additional 484 shares in the last quarter. Lester Murray Antman dba SimplyRich boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.5% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 21,678 shares of the utilities provider’s stock valued at $517,000 after purchasing an additional 536 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.1% during the 2nd quarter. Blue Trust Inc. now owns 26,468 shares of the utilities provider’s stock valued at $582,000 after purchasing an additional 543 shares in the last quarter. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

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.