Kapitalo Investimentos Ltda Has $5.14 Million Position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Kapitalo Investimentos Ltda lessened its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 56.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 206,416 shares of the utilities provider’s stock after selling 268,900 shares during the period. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp comprises approximately 1.0% of Kapitalo Investimentos Ltda’s holdings, making the stock its 21st biggest holding. Kapitalo Investimentos Ltda’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $5,138,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.1% during the 2nd quarter. Blue Trust Inc. now owns 26,468 shares of the utilities provider’s stock valued at $582,000 after purchasing an additional 543 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 42.7% in the second quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 552 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.4% in the 2nd quarter. Yousif Capital Management LLC now owns 11,115 shares of the utilities provider’s stock worth $244,000 after acquiring an additional 565 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,837 shares of the utilities provider’s stock worth $282,000 after acquiring an additional 616 shares during the last quarter. Finally, Profund Advisors LLC increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3.6% during the 2nd quarter. Profund Advisors LLC now owns 20,388 shares of the utilities provider’s stock valued at $448,000 after purchasing an additional 715 shares in the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

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

Shares of SBS opened at $27.27 on Thursday. The business’s fifty day moving average price is $24.97 and its two-hundred day moving average price is $23.61. The firm has a market capitalization of $19.19 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 4.12 and a beta of 0.81. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $15.70 and a 52 week high of $27.48. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.17.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last issued its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.27. The business had revenue of $4.69 billion for the quarter, compared to analyst estimates of $1.07 billion. 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%. On average, 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 Dividend Announcement

The firm also recently announced 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 of this dividend is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio (DPR) is 40.33%.

Analyst Ratings Changes

A number of equities analysts have commented on SBS shares. Weiss Ratings reissued a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has an average rating of “Hold”.

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.