Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Stock Passes Above 200 Day Moving Average – What’s Next?

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.24 and traded as high as $24.52. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp shares last traded at $24.4770, with a volume of 1,418,719 shares.

Wall Street Analysts Forecast Growth

SBS has been the subject of a number of recent analyst reports. Zacks Research cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Price Performance

The stock has a fifty day moving average of $25.28 and a 200 day moving average of $23.24. The stock has a market cap of $16.88 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 3.68 and a beta of 0.81. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.17.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 22.32% and a return on equity of 16.08%. The company had revenue of $4.69 billion during the quarter, compared to analyst estimates of $1.07 billion. On average, analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS for the current fiscal year.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Announces Dividend

The firm also recently announced a special dividend, which will be paid on Monday, May 11th. Investors of record on Monday, December 29th will be issued a dividend of $0.4772 per share. The ex-dividend date of this dividend is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio (DPR) is 40.33%.

Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Several hedge funds have recently added to or reduced their stakes in SBS. Osaic Holdings Inc. grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2,540.8% during the second quarter. Osaic Holdings Inc. now owns 56,724 shares of the utilities provider’s stock worth $1,246,000 after acquiring an additional 54,576 shares during the period. Exchange Traded Concepts LLC acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the third quarter valued at approximately $1,731,000. Atria Investments Inc acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter valued at approximately $747,000. ELCO Management Co. LLC purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 2nd quarter worth approximately $326,000. Finally, American Century Companies Inc. grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 56.9% during the 2nd quarter. American Century Companies Inc. now owns 2,008,471 shares of the utilities provider’s stock worth $44,126,000 after purchasing an additional 728,383 shares during the period. 10.62% of the stock is owned by hedge funds and other institutional investors.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.