Impax Asset Management Group plc Reduces Stock Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Impax Asset Management Group plc lessened its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 10.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,202,920 shares of the utilities provider’s stock after selling 937,440 shares during the period. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp makes up 1.2% of Impax Asset Management Group plc’s holdings, making the stock its 25th biggest position. Impax Asset Management Group plc owned approximately 1.20% of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp worth $203,342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 1,666 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 373.6% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,159 shares of the utilities provider’s stock valued at $69,000 after buying an additional 2,492 shares during the period. CWM LLC boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 82.9% in the third quarter. CWM LLC now owns 4,180 shares of the utilities provider’s stock worth $104,000 after buying an additional 1,895 shares during the last quarter. Hantz Financial Services Inc. grew its holdings 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 worth $111,000 after acquiring an additional 4,514 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 32.2% during the third quarter. Farther Finance Advisors LLC now owns 5,505 shares of the utilities provider’s stock worth $137,000 after acquiring an additional 1,341 shares during the period. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on SBS shares. Zacks Research raised 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 reaffirmed a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Performance

Shares of SBS stock opened at $29.05 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12-month low of $15.70 and a 12-month high of $29.13. The business’s 50 day moving average is $25.26 and its two-hundred day moving average is $24.13. The company has a market capitalization of $20.44 billion, a P/E ratio of 16.08, a P/E/G ratio of 4.35 and a beta of 0.78.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its earnings results on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share for the quarter, topping the consensus estimate 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. Analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS for the current fiscal year.

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

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

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

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.