Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Short Interest Up 413.4% in May

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 14,602,841 shares, an increase of 413.4% from the April 30th total of 2,844,497 shares. Based on an average daily volume of 5,520,243 shares, the short-interest ratio is presently 2.6 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Trading of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

A number of hedge funds have recently made changes to their positions in SBS. Perigon Wealth Management LLC bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter valued at approximately $1,016,000. Capital Wealth Planning LLC bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 3rd quarter valued at approximately $4,720,000. Envestnet Asset Management Inc. lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 112.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 187,629 shares of the utilities provider’s stock valued at $4,670,000 after acquiring an additional 99,181 shares in the last quarter. Boston Common Asset Management LLC bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter valued at approximately $5,163,000. Finally, Quantbot Technologies LP bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 3rd quarter valued at approximately $2,130,000. 10.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Jefferies Financial Group initiated coverage on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Thursday, March 19th. They set a “buy” rating and a $183.00 price objective on the stock. Wall Street Zen raised 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. Finally, Zacks Research cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 0.4%

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock traded down $0.03 during trading hours on Thursday, hitting $5.64. 1,836,904 shares of the stock traded hands, compared to its average volume of 6,663,930. The firm’s 50-day moving average price is $106.83 and its two-hundred day moving average price is $123.11. 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 company has a market cap of $19.83 billion, a PE ratio of 14.67, a PEG ratio of 1.35 and a beta of 0.74. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $3.78 and a one year high of $7.16.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.28 billion. 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%. On average, research analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 1.24 EPS for the current year.

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

The business also recently declared a special dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, March 27th were given a $0.4772 dividend. This represents a dividend yield of 55.0%. The ex-dividend date of this dividend was Friday, March 27th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s payout ratio is currently 26.32%.

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.