Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Reaches New 1-Year High – Time to Buy?

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $27.44 and last traded at $27.3020, with a volume of 562323 shares. The stock had previously closed at $26.41.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Zacks Research cut 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. Weiss Ratings reaffirmed 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. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp currently has an average rating of “Hold”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Down 0.8%

The firm has a market capitalization of $19.03 billion, a P/E ratio of 14.97, a PEG ratio of 4.15 and a beta of 0.81. The business has a 50 day moving average of $25.01 and a 200-day moving average of $23.63. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its earnings results on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4.69 billion for the quarter, compared to analyst estimates of $1.07 billion. Analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS for the current fiscal year.

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

The company also recently declared a special dividend, which will be paid on Monday, May 11th. Investors of record on Monday, December 29th will be issued a dividend of $0.4772 per share. 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 presently 40.33%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% during the 3rd quarter. Creative Planning now owns 31,150 shares of the utilities provider’s stock valued at $775,000 after purchasing an additional 386 shares during the last quarter. Signaturefd LLC raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.2% during the fourth quarter. Signaturefd LLC now owns 9,750 shares of the utilities provider’s stock worth $233,000 after buying an additional 484 shares during the last quarter. Lester Murray Antman dba SimplyRich lifted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.5% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 21,678 shares of the utilities provider’s stock valued at $517,000 after purchasing an additional 536 shares during the period. Blue Trust Inc. boosted its holdings in shares of 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 worth $582,000 after buying an additional 543 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in 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 worth $41,000 after purchasing an additional 552 shares during the period. 10.62% of the stock is owned by institutional investors and hedge funds.

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.