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

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) shares are set to split before the market opens on Monday, December 29th. The 1.02964697-1 split was recently announced. The newly minted shares will be payable to shareholders after the closing bell on Sunday, December 28th.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 1.9%

SBS traded up $0.45 during trading on Tuesday, reaching $24.03. 101,467 shares of the stock traded hands, compared to its average volume of 1,045,662. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s 50-day simple moving average is $25.33 and its two-hundred day simple moving average is $23.09. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a fifty-two week low of $14.04 and a fifty-two week high of $27.25. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 3.78 and a beta of 0.79.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its quarterly earnings results 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. The firm had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $1.07 billion. 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%. As a group, equities research analysts expect 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 declared a special dividend, which will be paid on Monday, May 11th. Investors of record on Monday, December 29th will be paid 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 is presently 20.43%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings reiterated 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 downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

A number of hedge funds and other institutional investors have recently modified their holdings of SBS. Northern Trust Corp lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.1% in the first quarter. Northern Trust Corp now owns 1,446,698 shares of the utilities provider’s stock valued at $25,838,000 after acquiring an additional 69,612 shares in the last quarter. Jane Street Group LLC boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 349.0% in the 1st quarter. Jane Street Group LLC now owns 152,113 shares of the utilities provider’s stock valued at $2,717,000 after buying an additional 118,237 shares during the last quarter. Strs Ohio acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the first quarter valued at approximately $29,142,000. Parallel Advisors LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 88.2% in the 2nd quarter. Parallel Advisors LLC now owns 2,885 shares of the utilities provider’s stock worth $63,000 after purchasing an additional 1,352 shares in the last quarter. Finally, Perpetual Ltd boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.4% in the second quarter. Perpetual Ltd now owns 793,566 shares of the utilities provider’s stock worth $17,435,000 after purchasing an additional 2,857 shares in the last quarter. 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.