Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Hits New 52-Week High on Analyst Upgrade

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)’s stock price hit a new 52-week high during mid-day trading on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The company traded as high as $28.08 and last traded at $28.28, with a volume of 1660 shares trading hands. The stock had previously closed at $27.33.

Separately, Weiss Ratings reiterated 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. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On 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 company. EverSource Wealth Advisors LLC boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 1,666 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 373.6% in 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 in the last quarter. CWM LLC boosted its position 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 purchasing an additional 1,895 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 856.5% in the 2nd 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 in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 32.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,505 shares of the utilities provider’s stock worth $137,000 after buying an additional 1,341 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 Price Performance

The company has a market capitalization of $19.41 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 4.22 and a beta of 0.78. 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 company has a fifty day simple moving average of $25.12 and a two-hundred day simple moving average of $23.86.

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 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 16.08% and a net margin of 22.32%.The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $1.07 billion. As a group, 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 firm also recently announced 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 dividend payout ratio (DPR) is currently 40.33%.

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.