JPMorgan Chase & Co. Acquires 26,212 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

JPMorgan Chase & Co. boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 43.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,700 shares of the utilities provider’s stock after acquiring an additional 26,212 shares during the period. JPMorgan Chase & Co.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $2,158,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% during the second quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock valued at $69,251,000 after acquiring an additional 1,116,681 shares during the period. Manning & Napier Advisors LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 444.8% during the third quarter. Manning & Napier Advisors LLC now owns 3,089,290 shares of the utilities provider’s stock valued at $76,892,000 after acquiring an additional 2,522,231 shares during the period. Mackenzie Financial Corp increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.7% during the third quarter. Mackenzie Financial Corp now owns 2,113,114 shares of the utilities provider’s stock valued at $52,595,000 after acquiring an additional 14,530 shares during the period. Perpetual Ltd increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 116.6% during the third quarter. Perpetual Ltd now owns 1,719,250 shares of the utilities provider’s stock valued at $42,792,000 after acquiring an additional 925,684 shares during the period. Finally, First Trust Advisors LP increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.8% during the second quarter. First Trust Advisors LP now owns 1,399,273 shares of the utilities provider’s stock valued at $30,742,000 after acquiring an additional 11,646 shares during the period. 10.62% of the stock is currently owned by institutional investors.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 0.4%

NYSE SBS opened at $30.26 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average is $28.79 and its two-hundred day moving average is $26.16. The company has a market capitalization of $21.29 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 6.02 and a beta of 0.75. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1-year low of $16.52 and a 1-year high of $30.78.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its quarterly earnings data on Saturday, February 14th. The utilities provider reported $0.71 earnings per share for the quarter. The company had revenue of $1.03 billion for the quarter. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 15.76% and a net margin of 23.64%. Equities analysts forecast 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 business also recently disclosed a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.4772 per share. This represents a yield of 55.0%. The ex-dividend date of this dividend is Friday, March 27th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s payout ratio is presently 4.57%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SBS. Zacks Research upgraded 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. Weiss Ratings upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday, March 17th. Finally, Jefferies Financial Group began coverage on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Thursday, March 19th. They set a “buy” rating and a $36.60 price target on the stock. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average price target of $36.60.

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.