Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Shares Set to Split on Thursday, May 7th

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) are going to split on Thursday, May 7th. The 5-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Wednesday, May 6th.

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

SBS stock opened at $33.30 on Friday. The company has a market capitalization of $23.43 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 4.73 and a beta of 0.74. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.12 and a current ratio of 1.12. The company’s fifty day moving average price is $769.19 and its 200-day moving average price is $684.41. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $18.88 and a one year high of $35.78.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings data on Saturday, February 14th. The utilities provider reported $17.77 EPS for the quarter. The firm had revenue of $1.03 billion during the quarter. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 23.64% and a return on equity of 15.76%. On average, equities analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.03 EPS for the current fiscal year.

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

The business also recently disclosed a special dividend, which will be paid on Monday, May 11th. Investors 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 of this dividend is Friday, March 27th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio (DPR) is presently 4.57%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SBS. Weiss Ratings raised shares of 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. Wall Street Zen raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Jefferies Financial Group began coverage on shares of 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 $915.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has an average rating of “Buy” and a consensus price target of $915.00.

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

Several hedge funds have recently modified their holdings of the company. Diversify Wealth Management LLC purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 1st quarter worth about $236,000. Hsbc Holdings PLC boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.3% during the 1st quarter. Hsbc Holdings PLC now owns 421,728 shares of the utilities provider’s stock worth $12,870,000 after acquiring an additional 21,258 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 103.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 17,658 shares of the utilities provider’s stock worth $534,000 after acquiring an additional 8,990 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 29.2% during the 1st quarter. Whittier Trust Co. now owns 29,297 shares of the utilities provider’s stock worth $887,000 after acquiring an additional 6,614 shares in the last quarter. Finally, DGS Capital Management LLC purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 1st quarter worth about $237,000. 10.62% of the stock is owned by hedge funds and other institutional investors.

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.