10,005 Shares in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Acquired by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,005 shares of the utilities provider’s stock, valued at approximately $152,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SBS. Blue Trust Inc. boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 316.6% in the 4th quarter. Blue Trust Inc. now owns 2,687 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 2,042 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 13.1% in the third quarter. Van ECK Associates Corp now owns 7,961 shares of the utilities provider’s stock valued at $96,000 after buying an additional 921 shares during the period. PNC Financial Services Group Inc. grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,698 shares of the utilities provider’s stock worth $118,000 after acquiring an additional 857 shares during the period. QRG Capital Management Inc. bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 3rd quarter worth about $125,000. Finally, SG Americas Securities LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at about $130,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

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

Shares of SBS stock opened at $15.68 on Thursday. The firm has a 50 day moving average of $15.96 and a 200-day moving average of $15.01. The company has a market cap of $10.71 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.55. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52 week low of $9.18 and a 52 week high of $17.14.

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

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

Analyst Ratings Changes

Separately, StockNews.com cut Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company 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.