Daiwa Securities Group Inc. Has $1.06 Million Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Daiwa Securities Group Inc. reduced its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 19.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,800 shares of the utilities provider’s stock after selling 17,000 shares during the period. Daiwa Securities Group Inc.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $1,063,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SBS. Canada Pension Plan Investment Board acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter valued at approximately $2,967,000. FMR LLC lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 274.8% in the third quarter. FMR LLC now owns 263,645 shares of the utilities provider’s stock valued at $3,195,000 after buying an additional 193,300 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 70.8% in the third quarter. Hsbc Holdings PLC now owns 241,077 shares of the utilities provider’s stock valued at $2,921,000 after buying an additional 99,924 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 14.2% in the third quarter. Rhumbline Advisers now owns 222,582 shares of the utilities provider’s stock valued at $2,698,000 after buying an additional 27,594 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter valued at approximately $323,000. 10.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research report on Monday.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Price Performance

Shares of NYSE SBS opened at $16.04 on Thursday. The firm has a market cap of $10.96 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 0.86 and a beta of 1.23. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.55. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1-year low of $8.75 and a 1-year high of $17.14. The business’s 50 day moving average is $16.03 and its 200-day moving average is $14.74.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, April 29th will be paid a dividend of $0.2808 per share. The ex-dividend date is Friday, April 26th. This represents a dividend yield of 1.4%. This is a positive change from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.19. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s dividend payout ratio (DPR) is 26.74%.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile

Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State.