Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Gap Up to $14.34

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBSGet Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $14.34, but opened at $14.89. Companhia de Saneamento Básico do Estado de São Paulo – SABESP shares last traded at $14.72, with a volume of 56,352 shares changing hands.

Analyst Upgrades and Downgrades

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

View Our Latest Report on SBS

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

The stock has a market capitalization of $10.22 billion, a PE ratio of 14.10 and a beta of 1.18. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.23 and a quick ratio of 1.21. The business’s fifty day moving average price is $14.56 and its 200-day moving average price is $15.36.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBSGet Free Report) last announced its quarterly earnings results on Friday, May 10th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 13.62% and a return on equity of 12.14%. The firm had revenue of $1.33 billion for the quarter.

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

The business also recently announced an annual dividend, which was paid on Friday, July 5th. Investors of record on Monday, April 29th were paid a $0.2808 dividend. This is an increase from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.19. This represents a yield of 1.4%. The ex-dividend date was Friday, April 26th. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s dividend payout ratio (DPR) is currently 19.81%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Pingora Partners LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at approximately $30,000. Blue Trust Inc. grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 316.6% in the fourth quarter. Blue Trust Inc. now owns 2,687 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 2,042 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth approximately $130,000. First Trust Direct Indexing L.P. bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth approximately $152,000. Finally, Citigroup Inc. grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.5% in the third quarter. Citigroup Inc. now owns 12,973 shares of the utilities provider’s stock worth $157,000 after purchasing an additional 789 shares during the last quarter. 10.62% of the stock is currently 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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