Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Hits New 1-Year High – Should You Buy?

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Zacks Research raised shares of 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. Weiss Ratings reissued 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 analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp currently has an average rating of “Moderate Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 0.7%

The company’s fifty day simple moving average is $26.31 and its 200 day simple moving average is $24.89. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $21.33 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 5.95 and a beta of 0.78.

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 dividend of $0.4772 per share. 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 is 40.33%.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% in the 2nd 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 period. Manning & Napier Advisors LLC lifted its holdings in 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 valued at $76,892,000 after purchasing an additional 2,522,231 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% in the fourth quarter. Mackenzie Financial Corp now owns 2,161,328 shares of the utilities provider’s stock worth $52,072,000 after purchasing an additional 48,214 shares during the period. Vanguard Group Inc. increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 2,094,992 shares of the utilities provider’s stock worth $49,966,000 after purchasing an additional 48,587 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 56.9% during the 2nd quarter. American Century Companies Inc. now owns 2,008,471 shares of the utilities provider’s stock valued at $44,126,000 after purchasing an additional 728,383 shares during the period. Institutional investors own 10.62% of the company’s stock.

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.