Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Gap Down to $13.75

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBSGet Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $13.75, but opened at $13.24. Companhia de Saneamento Básico do Estado de São Paulo – SABESP shares last traded at $13.35, with a volume of 33,516 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th.

View Our Latest Stock Analysis on SBS

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

The firm has a market capitalization of $9.10 billion, a PE ratio of 12.97, a P/E/G ratio of 0.54 and a beta of 1.19. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.23 and a quick ratio of 1.21. The firm has a fifty day moving average price of $15.13 and a 200 day moving average price of $15.39.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBSGet Free Report) last announced its earnings results on Friday, March 22nd. The utilities provider reported $0.35 EPS for the quarter. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 12.14% and a net margin of 13.62%. The business had revenue of $1.47 billion during the quarter. Research analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.2 earnings per share for the current fiscal year.

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

The business also recently announced an annual dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, April 29th will be issued a dividend of $0.2808 per share. This represents a dividend yield of 1.4%. This is an increase from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.19. The ex-dividend date is Friday, April 26th. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s dividend payout ratio is currently 21.70%.

Institutional Investors Weigh In On Companhia de Saneamento Básico do Estado de São Paulo – SABESP

Several hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 13.1% in the 3rd quarter. Van ECK Associates Corp now owns 7,961 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 921 shares in the last quarter. UBS Group AG lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 0.9% in the 3rd quarter. UBS Group AG now owns 260,956 shares of the utilities provider’s stock worth $3,163,000 after acquiring an additional 2,207 shares in the last quarter. Rhumbline Advisers lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 14.2% in the 3rd quarter. Rhumbline Advisers now owns 222,582 shares of the utilities provider’s stock worth $2,698,000 after acquiring an additional 27,594 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,698 shares of the utilities provider’s stock worth $118,000 after acquiring an additional 857 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 3rd quarter worth about $125,000. 10.62% of the stock is owned by hedge funds and other institutional investors.

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

(Get Free Report)

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.

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