Quilter Plc Purchases 20,759 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Quilter Plc raised its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 979,750 shares of the utilities provider’s stock after purchasing an additional 20,759 shares during the quarter. Quilter Plc owned 0.14% of Companhia de Saneamento Básico do Estado de São Paulo – SABESP worth $13,178,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SBS. Pingora Partners LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter worth $30,000. Summit Securities Group LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 2nd quarter worth about $95,000. First Affirmative Financial Network grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.6% in the 2nd quarter. First Affirmative Financial Network now owns 11,165 shares of the utilities provider’s stock valued at $150,000 after acquiring an additional 1,069 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.2% in the first quarter. QRG Capital Management Inc. now owns 11,664 shares of the utilities provider’s stock valued at $196,000 after acquiring an additional 780 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the first quarter worth about $198,000. 10.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Thursday.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 1.7 %

NYSE SBS opened at $17.06 on Monday. The company has a market cap of $11.66 billion, a PE ratio of 16.09 and a beta of 1.16. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12 month low of $11.29 and a 12 month high of $18.36. The stock has a 50 day moving average of $16.50 and a 200-day moving average of $15.67. The company has a current ratio of 1.36, a quick ratio of 1.21 and a debt-to-equity ratio of 0.61.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 15.00% and a return on equity of 13.34%. The firm had revenue of $1.30 billion during the quarter. On average, equities research analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.06 EPS for the current fiscal year.

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

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.