Citigroup Inc. Sells 319,168 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Citigroup Inc. decreased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 13.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,046,390 shares of the utilities provider’s stock after selling 319,168 shares during the period. Citigroup Inc.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $50,935,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock worth $51,000 after buying an additional 1,666 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 373.6% during the second quarter. Creative Financial Designs Inc. ADV now owns 3,159 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 2,492 shares in the last quarter. CWM LLC raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 82.9% during the third quarter. CWM LLC now owns 4,180 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 1,895 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 856.5% in the second quarter. Hantz Financial Services Inc. now owns 5,041 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 4,514 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 2nd quarter valued at approximately $133,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SBS. Zacks Research raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 0.9%

Shares of NYSE SBS opened at $29.38 on Tuesday. The company has a 50 day simple moving average of $25.96 and a 200 day simple moving average of $24.75. 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 has a 1 year low of $15.70 and a 1 year high of $29.98. The firm has a market cap of $20.68 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 5.78 and a beta of 0.78.

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

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

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.