852,055 Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Shares Acquired by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 7.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,966,428 shares of the utilities provider’s stock after acquiring an additional 852,055 shares during the quarter. Letko Brosseau & Associates Inc. owned about 0.37% of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp worth $68,852,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Russell Investments Group Ltd. raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 9.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 389,501 shares of the utilities provider’s stock valued at $2,068,000 after purchasing an additional 34,874 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 3rd quarter worth $380,000. Maryland State Retirement & Pension System boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.4% during the 3rd quarter. Maryland State Retirement & Pension System now owns 2,893,140 shares of the utilities provider’s stock worth $15,363,000 after purchasing an additional 12,343 shares during the period. Lido Advisors LLC purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 3rd quarter worth $97,000. Finally, Allspring Global Investments Holdings LLC grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 21.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 56,109 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 9,850 shares during the last quarter. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on SBS. Wall Street Zen lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. Weiss Ratings downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Finally, Zacks Research downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a consensus rating of “Moderate Buy” and a consensus target price of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Down 2.5%

NYSE:SBS opened at $4.86 on Friday. The firm has a market cap of $17.08 billion, a P/E ratio of 10.16, a PEG ratio of 3.94 and a beta of 0.79. The company has a current ratio of 1.22, a quick ratio of 1.47 and a debt-to-equity ratio of 0.93. The stock’s 50 day simple moving average is $5.45 and its 200-day simple moving average is $53.35. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12-month low of $4.34 and a 12-month high of $7.16.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its quarterly earnings results on Thursday, November 5th. The utilities provider reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 13.23% and a net margin of 21.11%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Equities analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.37 EPS for the current year.

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, January 11th. Shareholders of record on Monday, November 16th will be paid a $0.1371 dividend. The ex-dividend date of this dividend is Monday, November 16th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s payout ratio is currently 16.13%.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Companhia de Saneamento Básico do Estado de São Paulo, known as Sabesp, is a Brazilian water and sanitation company established in 1973. It provides essential water and wastewater services to communities across the state of São Paulo. The company treats and distributes water and collects and treats sewage. Its customers include residential, commercial and industrial users, as well as municipalities that rely on its water and sanitation infrastructure. Sabesp serves the city of São Paulo and other municipalities throughout the state.