B. Metzler seel. Sohn & Co. AG Has $1.87 Million Stock Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

B. Metzler seel. Sohn & Co. AG raised its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 43.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,406 shares of the utilities provider’s stock after acquiring an additional 23,616 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $1,870,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter valued at approximately $210,000. Whittier Trust Co. acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter valued at approximately $550,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 7.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,621 shares of the utilities provider’s stock valued at $611,000 after acquiring an additional 1,811 shares during the last quarter. CWM LLC lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 31.0% in the fourth quarter. CWM LLC now owns 5,474 shares of the utilities provider’s stock valued at $131,000 after acquiring an additional 1,294 shares during the last quarter. Finally, KBC Group NV lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.1% in the fourth quarter. KBC Group NV now owns 48,368 shares of the utilities provider’s stock valued at $1,154,000 after acquiring an additional 1,013 shares during the last quarter. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Zacks Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday, March 17th. Finally, Jefferies Financial Group assumed coverage on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Thursday, March 19th. They issued a “buy” rating and a $36.60 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $36.60.

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

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $34.70 on Friday. The firm has a fifty day simple moving average of $30.42 and a 200-day simple moving average of $27.07. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.83. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1-year low of $18.88 and a 1-year high of $35.78. The stock has a market capitalization of $24.42 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 4.90 and a beta of 0.75.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s stock is scheduled to split on Thursday, May 7th. The 5-1 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Wednesday, May 6th.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last issued its quarterly earnings data on Saturday, February 14th. The utilities provider reported $0.71 earnings per share for the quarter. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 23.64% and a return on equity of 15.76%. The business had revenue of $1.03 billion during the quarter. On average, sell-side analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.03 earnings per share for the current year.

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

The business also recently announced a special dividend, which will be paid on Monday, May 11th. Investors of record on Friday, March 27th will be given a dividend of $0.4772 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a yield of 55.0%. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s payout ratio is 4.57%.

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.