Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Down 2.6%

Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBSGet Free Report) were down 2.6% during trading on Friday . The company traded as low as $14.00 and last traded at $14.01. Approximately 60,167 shares changed hands during trading, a decline of 93% from the average daily volume of 859,672 shares. The stock had previously closed at $14.39.

Wall Street Analyst Weigh In

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 Tuesday, April 30th.

Check Out Our Latest Research Report on SBS

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

The stock has a market capitalization of $9.67 billion, a P/E ratio of 13.35, a PEG ratio of 0.56 and a beta of 1.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.21 and a current ratio of 1.23. The firm has a fifty day moving average price of $15.68 and a two-hundred day moving average price of $15.32.

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 given a dividend of $0.2808 per share. The ex-dividend date is Friday, April 26th. This represents a dividend 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. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s dividend payout ratio (DPR) is currently 21.70%.

Institutional Investors Weigh In On Companhia de Saneamento Básico do Estado de São Paulo – SABESP

Several large investors have recently made changes to their positions in SBS. Duff & Phelps Investment Management Co. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.0% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,375,000 shares of the utilities provider’s stock worth $20,941,000 after buying an additional 125,000 shares during the last quarter. Citigroup Inc. boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.5% during the third quarter. Citigroup Inc. now owns 12,973 shares of the utilities provider’s stock valued at $157,000 after buying an additional 789 shares during the period. Alpine Global Management LLC bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter valued at approximately $195,000. QRG Capital Management Inc. purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter worth $125,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.7% in the third quarter. PNC Financial Services Group Inc. now owns 9,698 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 857 shares during the last quarter. 10.62% of the stock is owned by institutional investors.

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

(Get Free Report)

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.

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