Barometer Capital Management Inc. Buys New Shares in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Barometer Capital Management Inc. purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 33,700 shares of the utilities provider’s stock, valued at approximately $839,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SBS. Jane Street Group LLC raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 349.0% during the 1st quarter. Jane Street Group LLC now owns 152,113 shares of the utilities provider’s stock valued at $2,717,000 after buying an additional 118,237 shares in the last quarter. Metis Global Partners LLC boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 22.1% in the second quarter. Metis Global Partners LLC now owns 24,919 shares of the utilities provider’s stock worth $547,000 after buying an additional 4,518 shares in the last quarter. Profund Advisors LLC raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3.6% during the second quarter. Profund Advisors LLC now owns 20,388 shares of the utilities provider’s stock worth $448,000 after acquiring an additional 715 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.1% in the 2nd quarter. ProShare Advisors LLC now owns 48,495 shares of the utilities provider’s stock valued at $1,065,000 after purchasing an additional 2,348 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3.8% in the 2nd quarter. KBC Group NV now owns 30,310 shares of the utilities provider’s stock valued at $666,000 after purchasing an additional 1,118 shares in the last quarter. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 0.1%

NYSE SBS opened at $28.67 on Thursday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1 year low of $16.11 and a 1 year high of $30.63. The stock has a market capitalization of $20.17 billion, a PE ratio of 15.87, a PEG ratio of 5.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.17. The business’s 50-day moving average is $27.04 and its 200 day moving average is $25.36.

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

The business also recently disclosed a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, December 29th will be given 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 payout ratio is presently 40.33%.

Analyst Upgrades and Downgrades

SBS has been the subject of several analyst reports. 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, 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 investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has a consensus rating of “Moderate Buy”.

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.