Envestnet Asset Management Inc. Grows Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Envestnet Asset Management Inc. lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 188.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 105,648 shares of the utilities provider’s stock after purchasing an additional 69,048 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $1,514,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SBS. Wells Fargo & Company MN raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 129.0% in the 4th quarter. Wells Fargo & Company MN now owns 15,899 shares of the utilities provider’s stock worth $228,000 after acquiring an additional 8,955 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at $731,000. Geode Capital Management LLC increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 29,349 shares of the utilities provider’s stock worth $421,000 after acquiring an additional 1,683 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 3,464.7% during the fourth quarter. Alliancebernstein L.P. now owns 887,266 shares of the utilities provider’s stock worth $12,715,000 after buying an additional 862,376 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 41.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 693,992 shares of the utilities provider’s stock worth $9,945,000 after buying an additional 202,967 shares in the last quarter. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research report on Tuesday, April 1st.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 0.1 %

SBS opened at $20.30 on Tuesday. The business’s 50-day simple moving average is $17.65 and its 200-day simple moving average is $16.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The company has a market cap of $13.88 billion, a P/E ratio of 7.99 and a beta of 0.77. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a one year low of $13.10 and a one year high of $20.40.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last posted its earnings results on Monday, March 24th. The utilities provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.43. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 27.73% and a net margin of 25.62%. The business had revenue of $981.20 million for the quarter, compared to analysts’ expectations of $6.89 billion. As a group, equities research analysts expect that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 EPS for the current fiscal year.

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

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.