Envestnet Asset Management Inc. Buys 99,181 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Envestnet Asset Management Inc. lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 112.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 187,629 shares of the utilities provider’s stock after purchasing an additional 99,181 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $4,670,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Osaic Holdings Inc. grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2,540.8% during the second quarter. Osaic Holdings Inc. now owns 56,724 shares of the utilities provider’s stock worth $1,246,000 after buying an additional 54,576 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 3rd quarter worth approximately $1,731,000. Atria Investments Inc bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 2nd quarter worth approximately $747,000. WCM Investment Management LLC increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 16.9% during the 3rd quarter. WCM Investment Management LLC now owns 251,339 shares of the utilities provider’s stock valued at $6,150,000 after purchasing an additional 36,315 shares in the last quarter. Finally, Integrated Quantitative Investments LLC raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 47.4% in the 2nd quarter. Integrated Quantitative Investments LLC now owns 75,168 shares of the utilities provider’s stock valued at $1,651,000 after purchasing an additional 24,168 shares during the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SBS. Weiss Ratings restated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a 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 report on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has an average rating of “Moderate Buy”.

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

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $29.68 on Monday. The business’s 50-day simple moving average is $25.88 and its 200 day simple moving average is $24.68. 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 stock has a market cap of $20.88 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 5.78 and a beta of 0.78. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12-month low of $15.70 and a 12-month high of $29.98.

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

The firm also recently declared a special dividend, which will be paid on Monday, May 11th. Investors 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 payout ratio is 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.