CoreCap Advisors LLC Cuts Stock Position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

CoreCap Advisors LLC lessened its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 95.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,170 shares of the utilities provider’s stock after selling 23,655 shares during the quarter. CoreCap Advisors LLC’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $28,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock worth $51,000 after buying an additional 1,666 shares during the period. CWM LLC lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 82.9% during the 3rd quarter. CWM LLC now owns 4,180 shares of the utilities provider’s stock worth $104,000 after buying an additional 1,895 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 68.2% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,315 shares of the utilities provider’s stock valued at $132,000 after buying an additional 2,156 shares during the period. Raymond James Financial Inc. purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 2nd quarter valued at approximately $133,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 32.2% in the third quarter. Farther Finance Advisors LLC now owns 5,505 shares of the utilities provider’s stock worth $137,000 after acquiring an additional 1,341 shares in the last quarter. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SBS. Weiss Ratings raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (a-)” rating in a research report on Tuesday, March 17th. Zacks Research raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Finally, Jefferies Financial Group started coverage on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Thursday, March 19th. They set a “buy” rating and a $36.60 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Strong Buy” and a consensus target price of $36.60.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 0.0%

SBS stock opened at $30.39 on Monday. The stock has a market cap of $21.39 billion, a P/E ratio of 13.90, a PEG ratio of 6.02 and a beta of 0.75. 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 twelve month low of $16.52 and a twelve month high of $30.78. The company’s 50 day moving average is $28.72 and its two-hundred day moving average is $26.12.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its earnings results on Saturday, February 14th. The utilities provider reported $0.71 EPS 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 firm had revenue of $1.03 billion for the quarter. Research analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current fiscal 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. Stockholders of record on Friday, March 27th will be given a dividend of $0.4772 per share. The ex-dividend date is Friday, March 27th. This represents a dividend 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.