Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 24.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,794 shares of the utilities provider’s stock after selling 19,000 shares during the period. Federated Hermes Inc.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $1,488,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SBS. Blue Trust Inc. lifted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.1% in the second quarter. Blue Trust Inc. now owns 26,468 shares of the utilities provider’s stock worth $582,000 after acquiring an additional 543 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.4% during the 2nd quarter. Yousif Capital Management LLC now owns 11,115 shares of the utilities provider’s stock worth $244,000 after purchasing an additional 565 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,837 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 616 shares in the last quarter. Profund Advisors LLC raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3.6% in the 2nd quarter. Profund Advisors LLC now owns 20,388 shares of the utilities provider’s stock valued at $448,000 after purchasing an additional 715 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% during the 2nd quarter. KBC Group NV now owns 30,310 shares of the utilities provider’s stock valued at $666,000 after buying an additional 1,118 shares during the last quarter. 10.62% of the stock is owned by hedge funds and other institutional investors.

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

Shares of NYSE:SBS opened at $27.49 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The firm has a 50-day simple moving average of $25.14 and a 200 day simple moving average of $23.89. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a fifty-two week low of $15.70 and a fifty-two week high of $28.37. The company has a market cap of $19.34 billion, a PE ratio of 15.21, a P/E/G ratio of 4.15 and a beta of 0.78.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.27. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $1.07 billion. 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%. On average, sell-side 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. Shareholders 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 dividend payout ratio is 40.33%.

Wall Street Analysts Forecast Growth

SBS has been the subject of a number of research 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 note on Wednesday, January 21st. Zacks Research raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong sell” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company 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.