Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Set to Split on Monday, December 29th (NYSE:SBS)

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) shares are going to split on the morning of Monday, December 29th. The 1.02964697 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Sunday, December 28th.

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

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $25.31 on Thursday. The business has a 50-day moving average price of $25.28 and a two-hundred day moving average price of $22.99. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1-year low of $14.04 and a 1-year high of $27.25. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. The company has a market cap of $17.30 billion, a P/E ratio of 13.61, a PEG ratio of 3.80 and a beta of 0.80.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 16.08% and a net margin of 22.32%.The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $1.07 billion. As a group, analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS for the current 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. 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 payout ratio is currently 20.43%.

Wall Street Analyst Weigh In

SBS has been the subject of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, October 8th. 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 report on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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

Several large investors have recently added to or reduced their stakes in SBS. GAMMA Investing LLC increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 42.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 552 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock valued at $51,000 after buying an additional 1,666 shares during the last quarter. Parallel Advisors LLC grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 88.2% during the second quarter. Parallel Advisors LLC now owns 2,885 shares of the utilities provider’s stock worth $63,000 after buying an additional 1,352 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 373.6% during the second quarter. Creative Financial Designs Inc. ADV now owns 3,159 shares of the utilities provider’s stock worth $69,000 after buying an additional 2,492 shares in the last quarter. Finally, CWM LLC raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 82.9% in the 3rd quarter. CWM LLC now owns 4,180 shares of the utilities provider’s stock valued at $104,000 after buying an additional 1,895 shares during the last quarter. Institutional investors own 10.62% of the company’s stock.

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

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.