Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Upgraded at Zacks Research

Zacks Research upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) from a hold rating to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

Separately, 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. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a consensus rating of “Strong Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 0.7%

Shares of SBS opened at $27.28 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.17. The company has a 50-day simple moving average of $27.17 and a 200-day simple moving average of $25.41. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $16.52 and a 52 week high of $30.63. The firm has a market capitalization of $19.20 billion, a P/E ratio of 15.10, a P/E/G ratio of 5.35 and a beta of 0.78.

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

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

Hedge Funds Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Hedge funds and other institutional investors have recently made changes to their positions in the business. VPR Management LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% in the fourth quarter. VPR Management LLC now owns 29,056 shares of the utilities provider’s stock valued at $693,000 after acquiring an additional 376 shares during the period. Creative Planning lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% during the third quarter. Creative Planning now owns 31,150 shares of the utilities provider’s stock worth $775,000 after purchasing an additional 386 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 18,343 shares of the utilities provider’s stock worth $437,000 after purchasing an additional 406 shares during the period. Signaturefd LLC boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.2% during the fourth quarter. Signaturefd LLC now owns 9,750 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 484 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.0% during the fourth quarter. Quadrant Capital Group LLC now owns 10,344 shares of the utilities provider’s stock valued at $247,000 after purchasing an additional 491 shares in the last quarter. 10.62% of the stock is owned by institutional investors.

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.