Citigroup Inc. Has $50.94 Million Stock Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Citigroup Inc. decreased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 13.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,046,390 shares of the utilities provider’s stock after selling 319,168 shares during the period. Citigroup Inc. owned 0.30% of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp worth $50,935,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued 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 upgraded shares of 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

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

SBS opened at $29.38 on Tuesday. The firm has a market cap of $20.68 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 5.78 and a beta of 0.78. The business’s fifty day moving average is $25.96 and its 200-day moving average is $24.75. 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 quick ratio of 1.17 and a current ratio of 1.17.

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

The company also recently declared a special dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, December 29th will be issued 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 40.33%.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp 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.