Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Scheduled to Reverse Split on Monday, May 4th (NYSE:SBS)

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) shares are scheduled to reverse split on the morning of Monday, May 4th. The 1-5 reverse split was announced on Wednesday, April 29th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, April 30th.

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

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock traded up $0.66 on Thursday, hitting $33.60. The company’s stock had a trading volume of 254,134 shares, compared to its average volume of 1,390,831. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.12 and a current ratio of 1.12. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1 year low of $18.88 and a 1 year high of $35.78. The firm has a fifty day moving average price of $30.68 and a 200-day moving average price of $27.30. The company has a market capitalization of $23.65 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 4.84 and a beta of 0.75.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings results on Saturday, February 14th. The utilities provider reported $0.71 earnings per share for the quarter. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 15.76% and a net margin of 23.64%.The firm had revenue of $1.03 billion during the quarter. As a group, sell-side analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.03 earnings per share for the current fiscal year.

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

The company also recently declared a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.4772 per share. This represents a yield of 55.0%. The ex-dividend date is Friday, March 27th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio is 4.57%.

Analysts Set New Price Targets

SBS has been the topic of several analyst reports. Weiss Ratings upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday, March 17th. Jefferies Financial Group initiated coverage on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Thursday, March 19th. They issued a “buy” rating and a $36.60 price objective on the stock. Finally, Zacks Research lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $36.60.

Hedge Funds Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Several hedge funds have recently made changes to their positions in SBS. Manning & Napier Advisors LLC grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 444.8% during the third quarter. Manning & Napier Advisors LLC now owns 3,089,290 shares of the utilities provider’s stock worth $76,892,000 after purchasing an additional 2,522,231 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter worth about $37,053,000. Bank of America Corp DE grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% during the second quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock worth $69,251,000 after purchasing an additional 1,116,681 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the third quarter worth about $27,444,000. Finally, UBS Group AG grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 248.9% during the fourth quarter. UBS Group AG now owns 968,096 shares of the utilities provider’s stock worth $23,089,000 after purchasing an additional 690,636 shares during the last quarter. Hedge funds and other institutional investors 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.