Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Shares Scheduled to Split on Monday, December 29th

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)’s stock is set to split before the market opens on Monday, December 29th. The 1.02964697 split was recently announced. The newly created shares will be payable to shareholders after the market closes on Sunday, December 28th.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 0.0%

SBS stock opened at $25.31 on Thursday. The firm has a market cap of $17.30 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 3.80 and a beta of 0.80. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a twelve month low of $14.04 and a twelve month high of $27.25. The business has a 50 day moving average of $25.28 and a 200 day moving average of $22.99.

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 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 net margin of 22.32% and a return on equity of 16.08%. The business had revenue of $4.69 billion during the quarter, compared to analyst estimates of $1.07 billion. On average, research analysts forecast 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 disclosed a special dividend, which will be paid on Monday, May 11th. Investors of record on Monday, December 29th will be issued a $0.4772 dividend. The ex-dividend date of this dividend is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio (DPR) is presently 20.43%.

Analyst Ratings Changes

SBS has been the topic of several research analyst reports. 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, October 8th. Zacks Research lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a consensus rating of “Moderate Buy”.

Institutional Trading of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in 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 acquiring 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% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 1,666 shares in the last quarter. Parallel Advisors LLC boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 88.2% in the second quarter. Parallel Advisors LLC now owns 2,885 shares of the utilities provider’s stock valued at $63,000 after acquiring an additional 1,352 shares in the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 373.6% during the second quarter. Creative Financial Designs Inc. ADV now owns 3,159 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 2,492 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 82.9% in the 3rd 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 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.