Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 10.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,528,814 shares of the utilities provider’s stock after selling 425,861 shares during the period. Pictet Asset Management Holding SA’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $18,731,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Diversify Wealth Management LLC purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the first quarter valued at approximately $236,000. GAMMA Investing LLC grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 430.6% in the 2nd quarter. GAMMA Investing LLC now owns 8,341 shares of the utilities provider’s stock worth $48,000 after buying an additional 6,769 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 2nd quarter worth approximately $61,000. Rehmann Capital Advisory Group purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 2nd quarter worth approximately $67,000. Finally, Plan A Wealth LLC bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 2nd quarter worth $68,000. 10.62% of the stock is owned by hedge funds and other institutional investors.

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

SBS opened at $4.97 on Thursday. The stock has a 50-day moving average price of $5.45 and a 200-day moving average price of $53.98. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12-month low of $4.34 and a 12-month high of $7.16. The company has a current ratio of 1.22, a quick ratio of 1.47 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $17.51 billion, a P/E ratio of 7.97, a PEG ratio of 3.82 and a beta of 0.79.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings data on Thursday, November 5th. The utilities provider reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 13.23% and a net margin of 21.11%. Equities analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.37 earnings per share for the current fiscal year.

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

The company also recently announced a special dividend, which will be paid on Monday, January 11th. Shareholders of record on Monday, November 16th will be paid a $0.1371 dividend. The ex-dividend date of this dividend is Monday, November 16th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio is currently 29.03%.

Wall Street Analysts Forecast Growth

SBS has been the topic of several research reports. Weiss Ratings cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Zacks Research downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research report on Monday, August 17th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has an average rating of “Moderate Buy” and an average price target of $183.00.

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

Companhia de Saneamento Básico do Estado de São Paulo, known as Sabesp, is a Brazilian water and sanitation company established in 1973. It provides essential water and wastewater services to communities across the state of São Paulo. The company treats and distributes water and collects and treats sewage. Its customers include residential, commercial and industrial users, as well as municipalities that rely on its water and sanitation infrastructure. Sabesp serves the city of São Paulo and other municipalities throughout the state.