Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 36.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 215,544 shares of the utilities provider’s stock after purchasing an additional 57,485 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $2,906,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 46.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,257,167 shares of the utilities provider’s stock valued at $49,607,000 after purchasing an additional 1,034,319 shares during the last quarter. Jane Street Group LLC increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 129.9% in the first quarter. Jane Street Group LLC now owns 332,201 shares of the utilities provider’s stock worth $5,591,000 after acquiring an additional 187,706 shares in the last quarter. Significant Wealth Partners LLC lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 690.4% during the 1st quarter. Significant Wealth Partners LLC now owns 103,463 shares of the utilities provider’s stock valued at $1,741,000 after buying an additional 90,373 shares during the last quarter. Perpetual Ltd boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.5% during the first quarter. Perpetual Ltd now owns 628,052 shares of the utilities provider’s stock valued at $10,570,000 after acquiring an additional 54,662 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 1st quarter worth approximately $881,000. 10.62% of the stock is owned by institutional investors and hedge funds.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Down 0.3 %

SBS opened at $15.90 on Friday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a fifty-two week low of $11.46 and a fifty-two week high of $18.36. The company’s 50-day moving average is $17.02 and its 200 day moving average is $15.81. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 1.35. The firm has a market capitalization of $10.87 billion, a P/E ratio of 15.00 and a beta of 1.16.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.34 earnings per share (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 company had revenue of $1.30 billion during the quarter. Research analysts expect that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on SBS. StockNews.com lowered shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. The Goldman Sachs Group upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a research note on Sunday, October 6th.

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.