First Affirmative Financial Network Takes Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

First Affirmative Financial Network acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,096 shares of the utilities provider’s stock, valued at approximately $170,000.

Several other institutional investors have also made changes to their positions in the business. Citigroup Inc. raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.5% in the third quarter. Citigroup Inc. now owns 12,973 shares of the utilities provider’s stock valued at $157,000 after acquiring an additional 789 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,698 shares of the utilities provider’s stock valued at $118,000 after purchasing an additional 857 shares during the last quarter. Pingora Partners LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth $30,000. Blue Trust Inc. boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 316.6% in the fourth quarter. Blue Trust Inc. now owns 2,687 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 2,042 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 0.9% during the third quarter. UBS Group AG now owns 260,956 shares of the utilities provider’s stock worth $3,163,000 after purchasing an additional 2,207 shares during the last quarter. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Up 3.8 %

Shares of NYSE SBS opened at $13.78 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.21 and a current ratio of 1.23. The firm has a 50 day moving average price of $14.90 and a 200 day moving average price of $15.37. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52-week low of $10.76 and a 52-week high of $17.14. The stock has a market cap of $9.42 billion, a P/E ratio of 13.00, a P/E/G ratio of 0.68 and a beta of 1.18.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last released its earnings results on Friday, March 22nd. The utilities provider reported $0.35 earnings per share 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 $1.47 billion during the quarter. Analysts expect that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.06 EPS for the current year.

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

The business also recently declared an annual dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, April 29th will be issued a dividend of $0.2808 per share. The ex-dividend date of this dividend is Friday, April 26th. This is an increase from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.19. This represents a dividend yield of 1.4%. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s dividend payout ratio is 21.70%.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company 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.