Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Sets New 1-Year High – Here’s What Happened

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $31.44 and last traded at $31.8130, with a volume of 4796 shares. The stock had previously closed at $30.44.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Thursday, March 19th. They set a “buy” rating and a $36.60 price target on the stock. Zacks Research upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Finally, 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 report on Tuesday, March 17th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average price target of $36.60.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 3.8%

The company has a market cap of $22.24 billion, a PE ratio of 14.50, a P/E/G ratio of 6.02 and a beta of 0.75. The business has a 50-day simple moving average of $28.86 and a 200-day simple moving average of $26.20. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.83.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its earnings results on Saturday, February 14th. The utilities provider reported $0.71 earnings per share for the quarter. The business had revenue of $1.03 billion 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%. Equities research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS for the current year.

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

The company also recently announced a special dividend, which will be paid on Monday, May 11th. Stockholders of record on Friday, March 27th will be given a $0.4772 dividend. This represents a dividend 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 (DPR) is 4.57%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. VPR Management LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% in the fourth quarter. VPR Management LLC now owns 29,056 shares of the utilities provider’s stock valued at $693,000 after acquiring an additional 376 shares in the last quarter. Creative Planning lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% in the third quarter. Creative Planning now owns 31,150 shares of the utilities provider’s stock valued at $775,000 after acquiring an additional 386 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 18,343 shares of the utilities provider’s stock valued at $437,000 after acquiring an additional 406 shares in the last quarter. Signaturefd LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.2% in the fourth quarter. Signaturefd LLC now owns 9,750 shares of the utilities provider’s stock valued at $233,000 after acquiring an additional 484 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.0% in the fourth quarter. Quadrant Capital Group LLC now owns 10,344 shares of the utilities provider’s stock valued at $247,000 after acquiring an additional 491 shares in the last quarter. Hedge funds and other 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.