Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 11.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,797 shares of the utilities provider’s stock after selling 2,814 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter worth approximately $45,000. Advisors Asset Management Inc. grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 911 shares during the last quarter. R Squared Ltd purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at approximately $66,000. Ballentine Partners LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at approximately $145,000. Finally, Strategic Investment Advisors MI purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at approximately $147,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Performance

Shares of SBS stock opened at $17.78 on Friday. The stock has a fifty day moving average price of $15.29 and a 200 day moving average price of $16.14. The stock has a market cap of $12.15 billion, a PE ratio of 7.00 and a beta of 1.14. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1 year low of $13.10 and a 1 year high of $18.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14.

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

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.