Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Upgraded at Zacks Research

Zacks Research upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Down 1.7%

SBS opened at $27.26 on Monday. The firm’s fifty day moving average is $25.12 and its two-hundred day moving average is $23.86. The firm has a market cap of $19.18 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 4.22 and a beta of 0.78. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a twelve month low of $15.70 and a twelve month high of $28.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.17.

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

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

The company 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 of this dividend is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio (DPR) is currently 40.33%.

Institutional Trading of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Manning & Napier Advisors LLC grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 444.8% in the third quarter. Manning & Napier Advisors LLC now owns 3,089,290 shares of the utilities provider’s stock valued at $76,892,000 after purchasing an additional 2,522,231 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% during the 2nd quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock worth $69,251,000 after buying an additional 1,116,681 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 3rd quarter valued at about $27,444,000. Perpetual Ltd increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 116.6% in the third quarter. Perpetual Ltd now owns 1,719,250 shares of the utilities provider’s stock valued at $42,792,000 after acquiring an additional 925,684 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 56.9% during the second quarter. American Century Companies Inc. now owns 2,008,471 shares of the utilities provider’s stock worth $44,126,000 after acquiring an additional 728,383 shares in the last quarter. 10.62% of the stock is currently owned by institutional investors and hedge funds.

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.