Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.40 and traded as high as $24.72. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp shares last traded at $24.6650, with a volume of 1,748,398 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SBS. Zacks Research cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Performance

The company’s 50-day moving average is $24.93 and its two-hundred day moving average is $23.40. The company has a market capitalization of $17.36 billion, a P/E ratio of 13.65, a PEG ratio of 3.64 and a beta of 0.81. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its earnings results on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.27. The business had revenue of $4.69 billion during the quarter, compared to analyst estimates of $1.07 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 22.32% and a return on equity of 16.08%. Equities analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current fiscal year.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Dividend Announcement

The business also recently announced a special dividend, which will be paid on Monday, May 11th. Investors of record on Monday, December 29th will be given a $0.4772 dividend. The ex-dividend date is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s payout ratio is 40.33%.

Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Several hedge funds have recently added to or reduced their stakes in SBS. Osaic Holdings Inc. increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2,540.8% in the second quarter. Osaic Holdings Inc. now owns 56,724 shares of the utilities provider’s stock worth $1,246,000 after buying an additional 54,576 shares during the period. Exchange Traded Concepts LLC bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 3rd quarter worth approximately $1,731,000. Atria Investments Inc purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 2nd quarter worth approximately $747,000. ELCO Management Co. LLC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter valued at approximately $326,000. Finally, Allianz SE purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the second quarter valued at approximately $410,000. Institutional investors own 10.62% of the company’s stock.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.