Sequoia Financial Advisors LLC Takes Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Sequoia Financial Advisors LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) during the fourth quarter, Holdings Channel reports. The firm acquired 13,513 shares of the utilities provider’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Citigroup Inc. increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.5% during the 3rd quarter. Citigroup Inc. now owns 12,973 shares of the utilities provider’s stock valued at $157,000 after purchasing an additional 789 shares during the period. PNC Financial Services Group Inc. boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.7% during the third quarter. PNC Financial Services Group Inc. now owns 9,698 shares of the utilities provider’s stock valued at $118,000 after buying an additional 857 shares in the last quarter. Van ECK Associates Corp grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 13.1% during the third quarter. Van ECK Associates Corp now owns 7,961 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 921 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,995 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 1,381 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.4% in the 1st quarter. Ameriprise Financial Inc. now owns 26,711 shares of the utilities provider’s stock valued at $267,000 after acquiring an additional 1,595 shares during the last quarter. Institutional investors own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Performance

Shares of SBS opened at $15.49 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.01 and a quick ratio of 0.99. The firm’s 50 day moving average is $16.02 and its 200-day moving average is $14.66. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12-month low of $8.75 and a 12-month high of $17.14. The stock has a market capitalization of $10.59 billion, a P/E ratio of 18.01, a P/E/G ratio of 0.83 and a beta of 1.23.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, July 5th. Investors of record on Monday, April 29th will be issued a dividend of $0.2808 per share. This represents a yield of 1.4%. This is a boost from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.19. The ex-dividend date is Friday, April 26th. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s dividend payout ratio (DPR) is presently 26.74%.

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

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.