Partners Group Holding AG Buys New Shares in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) (2024)

Partners Group Holding AG bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS – Free Report) during the 4th quarter, Holdings Channel reports. The firm bought 14,500 shares of the utilities provider’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SBS. Pingora Partners LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at $30,000. Blue Trust Inc. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 316.6% during the fourth quarter. Blue Trust Inc. now owns 2,687 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 2,042 shares in the last quarter. Van ECK Associates Corp lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 13.1% during the third quarter. Van ECK Associates Corp now owns 7,961 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 921 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.7% during the third quarter. PNC Financial Services Group Inc. now owns 9,698 shares of the utilities provider’s stock valued at $118,000 after purchasing an additional 857 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter valued at about $125,000. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of NYSE SBS traded down $0.83 during mid-day trading on Friday, reaching $13.88. The company’s stock had a trading volume of 753,537 shares, compared to its average volume of 659,876. The firm has a market capitalization of $9.49 billion, a PE ratio of 13.09, a P/E/G ratio of 0.54 and a beta of 1.18. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.23 and a quick ratio of 1.21. The stock has a fifty day moving average of $15.45 and a two-hundred day moving average of $15.37. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52 week low of $10.76 and a 52 week high of $17.14.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS – Get Free Report) last posted its earnings results on Friday, March 22nd. The utilities provider reported $0.35 EPS for the quarter. The company had revenue of $1.47 billion for the quarter. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 12.14% and a net margin of 13.62%. As a group, sell-side analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.2 EPS for the current fiscal year.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, July 5th. Investors of record on Monday, April 29th will be given a $0.2808 dividend. This is an increase from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.19. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, April 26th. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s payout ratio is currently 21.70%.

Analyst Ratings Changes

Separately, StockNews.com lowered Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th.

Check Out Our Latest Stock Analysis on SBS

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile

(Free Report)

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.

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