Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Hits New 12-Month High – Time to Buy?

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $30.36 and last traded at $30.1580, with a volume of 99780 shares traded. The stock had previously closed at $29.83.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SBS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, January 21st. Zacks Research upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 1.9%

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $21.39 billion, a PE ratio of 16.80, a P/E/G ratio of 5.73 and a beta of 0.78. The firm’s 50-day moving average price is $26.07 and its two-hundred day moving average price is $24.81.

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

The company also recently disclosed 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 Trading of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arax Advisory Partners purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter valued at about $26,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter worth $44,000. EverSource Wealth Advisors LLC boosted its position in 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 buying an additional 1,666 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter valued at approximately $54,000. Finally, Creative Financial Designs Inc. ADV increased its holdings 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 valued at $69,000 after acquiring an additional 2,492 shares during the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

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.