Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Reaches New 12-Month High – Here’s Why

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $34.28 and last traded at $34.0810, with a volume of 154153 shares. The stock had previously closed at $33.68.

Analyst Ratings Changes

SBS has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on shares of 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 objective on the stock. Weiss Ratings raised shares of 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, Zacks Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $36.60.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 0.6%

The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.83. The business’s fifty day moving average is $29.59 and its 200 day moving average is $26.56. The firm has a market capitalization of $23.93 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 6.69 and a beta of 0.75.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last issued its quarterly earnings data 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 business had revenue of $1.03 billion for the quarter. Equities analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current year.

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

The firm also recently announced a special dividend, which will be paid on Monday, May 11th. Investors of record on Friday, March 27th will be given a $0.4772 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a yield of 55.0%. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio (DPR) is 4.57%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SBS. Arax Advisory Partners bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter valued at about $26,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter worth about $44,000. EverSource Wealth Advisors LLC raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 1,666 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter worth about $54,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter worth about $86,000. Institutional investors own 10.62% of the company’s stock.

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.