Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Stock Holdings Lowered by CenterBook Partners LP

CenterBook Partners LP trimmed its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 29.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,965 shares of the utilities provider’s stock after selling 37,901 shares during the period. CenterBook Partners LP’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $2,289,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SBS. EverSource Wealth Advisors LLC lifted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 1,666 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 373.6% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,159 shares of the utilities provider’s stock worth $69,000 after buying an additional 2,492 shares during the period. CWM LLC increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 82.9% in the third quarter. CWM LLC now owns 4,180 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 1,895 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 856.5% during the second quarter. Hantz Financial Services Inc. now owns 5,041 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 4,514 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 2nd quarter valued at approximately $133,000. Institutional investors own 10.62% of the company’s stock.

Analyst Ratings Changes

SBS has been the topic of several research analyst reports. 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. Zacks Research raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp currently has an average rating of “Moderate Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 1.7%

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $29.39 on Friday. The firm has a market cap of $20.68 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 5.63 and a beta of 0.78. The stock has a 50-day simple moving average of $25.79 and a 200-day simple moving average of $24.55. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52-week low of $15.70 and a 52-week high of $29.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.17.

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

The company also recently disclosed a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, December 29th will be paid a dividend of $0.4772 per share. 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 is currently 40.33%.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

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.