Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 27.1% during the first quarter, HoldingsChannel reports. The firm owned 830,276 shares of the utilities provider’s stock after selling 308,695 shares during the quarter. First Trust Advisors LP’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $25,332,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Arax Advisory Partners purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter valued at $26,000. Garton & Associates Financial Advisors LLC purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter worth about $44,000. EverSource Wealth Advisors LLC lifted its position in 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 worth $51,000 after buying an additional 1,666 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter worth about $54,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter worth about $86,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on SBS shares. Zacks Research raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Weiss Ratings cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Down 2.9%

Shares of SBS opened at $5.51 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.73 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $19.41 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 1.71 and a beta of 0.66. The stock’s fifty day simple moving average is $5.63 and its 200 day simple moving average is $85.61. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a twelve month low of $3.79 and a twelve month high of $7.16.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last issued its earnings results on Thursday, May 7th. The utilities provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 24.25% and a return on equity of 16.38%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, equities research analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.97 earnings per share for the current year.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

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.