Millennium Management LLC Has $10.99 Million Stock Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Millennium Management LLC lessened its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 6.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 816,694 shares of the utilities provider’s stock after selling 55,215 shares during the quarter. Millennium Management LLC owned approximately 0.12% of Companhia de Saneamento Básico do Estado de São Paulo – SABESP worth $10,985,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SBS. Goldman Sachs Group Inc. raised its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 46.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,257,167 shares of the utilities provider’s stock worth $49,607,000 after buying an additional 1,034,319 shares during the last quarter. Jane Street Group LLC raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 129.9% in the 1st 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. Cubist Systematic Strategies LLC lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 483.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 226,173 shares of the utilities provider’s stock valued at $3,042,000 after purchasing an additional 187,390 shares during the period. Renaissance Technologies LLC boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 8.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,453,995 shares of the utilities provider’s stock valued at $19,556,000 after purchasing an additional 108,500 shares in the last quarter. Finally, Significant Wealth Partners LLC boosted its position 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 purchasing an additional 90,373 shares in the last quarter. Institutional investors own 10.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded 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 Thursday, September 12th.

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

Shares of SBS opened at $16.34 on Tuesday. The business’s fifty day moving average is $16.99 and its 200 day moving average is $15.80. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12-month low of $11.46 and a 12-month high of $18.36. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.61. The stock has a market cap of $11.17 billion, a P/E ratio of 15.42 and a beta of 1.16.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.34 earnings per share 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 for the quarter. Sell-side analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.13 earnings per share for the current fiscal year.

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.