Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Declares Annual Dividend of $0.19

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS – Get Rating) announced an annual dividend on Wednesday, April 6th, Zacks reports. Stockholders of record on Monday, May 2nd will be given a dividend of 0.188 per share by the utilities provider on Thursday, July 7th. This represents a dividend yield of 1.75%. The ex-dividend date is Friday, April 29th. This is a positive change from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.07.

SBS stock opened at $9.20 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.25 and a debt-to-equity ratio of 0.64. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12-month low of $5.76 and a 12-month high of $11.22. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 14.84 and a beta of 1.02. The business’s 50-day moving average is $9.20 and its 200 day moving average is $7.59.

Several hedge funds have recently modified their holdings of SBS. Norges Bank acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter worth about $5,480,000. BlackRock Inc. increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 5.8% in the fourth quarter. BlackRock Inc. now owns 5,884,407 shares of the utilities provider’s stock valued at $43,191,000 after buying an additional 321,645 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 25.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 246,459 shares of the utilities provider’s stock valued at $1,809,000 after buying an additional 50,178 shares in the last quarter. Deutsche Bank AG increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 8.2% in the fourth quarter. Deutsche Bank AG now owns 278,461 shares of the utilities provider’s stock valued at $2,044,000 after buying an additional 21,024 shares in the last quarter. Finally, Peapack Gladstone Financial Corp purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter valued at about $77,000. 13.23% of the stock is currently owned by institutional investors.

SBS has been the topic of a number of recent analyst reports. TheStreet upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “c” rating to a “b-” rating in a report on Wednesday, December 29th. StockNews.com began coverage on Companhia de Saneamento Básico do Estado de São Paulo – SABESP in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Morgan Stanley raised Companhia de Saneamento Básico do Estado de São Paulo – SABESP from an “equal weight” rating to an “overweight” rating in a research report on Thursday, March 17th.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP (Get Rating)

Companhia de Saneamento Básico do Estado de São Paulo – SABESP provides water and sewage services to residential, commercial, industrial, and governmental customers. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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