Prelude Capital Management LLC Sells 57,806 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Prelude Capital Management LLC cut its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 66.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,659 shares of the utilities provider’s stock after selling 57,806 shares during the quarter. Prelude Capital Management LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Impax Asset Management Group plc boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 2.6% during the first quarter. Impax Asset Management Group plc now owns 17,204,669 shares of the utilities provider’s stock worth $171,670,000 after acquiring an additional 430,121 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 20.3% in the first quarter. BlackRock Inc. now owns 8,308,124 shares of the utilities provider’s stock valued at $83,164,000 after buying an additional 1,400,875 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.6% in the first quarter. Mackenzie Financial Corp now owns 5,994,469 shares of the utilities provider’s stock valued at $60,005,000 after buying an additional 525,988 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 78.0% in the first quarter. First Trust Advisors LP now owns 4,928,061 shares of the utilities provider’s stock valued at $48,443,000 after buying an additional 2,158,995 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 490.4% in the first quarter. Wellington Management Group LLP now owns 3,089,967 shares of the utilities provider’s stock valued at $30,375,000 after buying an additional 2,566,633 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Up 1.1 %

Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $12.47 on Tuesday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1-year low of $8.00 and a 1-year high of $12.70. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 13.70 and a beta of 1.07. The firm’s fifty day moving average price is $11.66 and its two-hundred day moving average price is $10.77. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.56.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last announced its earnings results on Thursday, August 10th. The utilities provider reported $0.22 EPS for the quarter. The company had revenue of $1.24 billion during the quarter. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 13.50% and a return on equity of 11.46%.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Profile

Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State.