Quilter Plc Sells 71,045 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Quilter Plc lessened its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 9.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 702,728 shares of the utilities provider’s stock after selling 71,045 shares during the period. Quilter Plc’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $17,491,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 42.7% in the second quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider’s stock worth $41,000 after buying an additional 552 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake 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 worth $51,000 after acquiring an additional 1,666 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 373.6% during the 2nd 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 in the last quarter. CWM LLC raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 82.9% during the 3rd quarter. CWM LLC now owns 4,180 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 1,895 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 856.5% during the second quarter. Hantz Financial Services Inc. now owns 5,041 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 4,514 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 Stock Up 3.8%

NYSE:SBS opened at $26.49 on Friday. The company’s 50-day simple moving average is $24.90 and its 200-day simple moving average is $23.47. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.17. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a fifty-two week low of $15.62 and a fifty-two week high of $27.25. The stock has a market capitalization of $18.64 billion, a P/E ratio of 14.67, a P/E/G ratio of 4.03 and a beta of 0.81.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.07 by $0.27. The firm 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 net margin of 22.32% and a return on equity of 16.08%. On average, equities analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current fiscal year.

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

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

Analysts Set New Price Targets

A number of analysts recently issued reports on SBS shares. Weiss Ratings restated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Wednesday. Zacks Research lowered shares of 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. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.