Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Sees Strong Trading Volume

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) shares saw strong trading volume on Wednesday . 2,317,574 shares were traded during trading, an increase of 154% from the previous session’s volume of 910,724 shares.The stock last traded at $15.71 and had previously closed at $15.48.

Wall Street Analyst Weigh In

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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 1.0 %

The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 14.41 and a beta of 1.18. The firm has a 50-day moving average of $14.53 and a 200 day moving average of $15.37.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last posted its earnings results on Friday, May 10th. The utilities provider reported $0.24 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 firm had revenue of $1.33 billion for the quarter.

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

The firm also recently announced an annual dividend, which was paid on Friday, July 5th. Investors of record on Monday, April 29th were given a $0.2808 dividend. This is a boost from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.19. This represents a yield of 1.4%. The ex-dividend date was Friday, April 26th. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s dividend payout ratio (DPR) is currently 19.81%.

Hedge Funds Weigh In On Companhia de Saneamento Básico do Estado de São Paulo – SABESP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SBS. Pingora Partners LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter valued at $30,000. Blue Trust Inc. boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 316.6% during the 4th quarter. Blue Trust Inc. now owns 2,687 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 2,042 shares in the last quarter. SG Americas Securities LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter valued at $130,000. First Affirmative Financial Network boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.6% during the 2nd quarter. First Affirmative Financial Network now owns 11,165 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 1,069 shares in the last quarter. Finally, First Trust Direct Indexing L.P. bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter valued at $152,000. 10.62% of the stock is owned by institutional investors.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

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.