Groupe la Francaise Buys 666,437 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Groupe la Francaise boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 790.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 750,759 shares of the utilities provider’s stock after purchasing an additional 666,437 shares during the quarter. Groupe la Francaise’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $4,343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Jane Street Group LLC grew its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 349.0% during the first quarter. Jane Street Group LLC now owns 152,113 shares of the utilities provider’s stock valued at $2,717,000 after purchasing an additional 118,237 shares in the last quarter. Cetera Investment Advisers increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 23.5% in the 2nd quarter. Cetera Investment Advisers now owns 12,516 shares of the utilities provider’s stock worth $275,000 after acquiring an additional 2,383 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 17.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 60,488 shares of the utilities provider’s stock worth $1,329,000 after acquiring an additional 9,169 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 18.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 50,001 shares of the utilities provider’s stock worth $1,099,000 after acquiring an additional 7,755 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 22.6% during the 2nd quarter. Invesco Ltd. now owns 1,002,308 shares of the utilities provider’s stock valued at $22,021,000 after acquiring an additional 184,486 shares during the last quarter. Institutional investors own 10.62% of the company’s stock.

Wall Street Analysts Forecast Growth

SBS has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Monday, August 17th. Zacks Research lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 0.4%

Shares of NYSE SBS opened at $5.17 on Tuesday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1-year low of $4.43 and a 1-year high of $7.16. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.47 and a quick ratio of 1.47. The business’s 50 day moving average is $5.32 and its two-hundred day moving average is $59.70. The stock has a market capitalization of $18.19 billion, a P/E ratio of 14.50, a PEG ratio of 4.14 and a beta of 0.67.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.23 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 23.93% and a return on equity of 14.03%. As a group, research analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.36 EPS for the current year.

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.