Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Short Interest Update

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 1,940,905 shares, a decline of 25.2% from the December 31st total of 2,594,849 shares. Based on an average trading volume of 1,195,823 shares, the short-interest ratio is currently 1.6 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 1,195,823 shares, the short-interest ratio is currently 1.6 days.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 1.7%

SBS traded up $0.46 during trading on Tuesday, reaching $27.79. 1,986,111 shares of the company’s stock were exchanged, compared to its average volume of 1,323,496. The company’s fifty day moving average price is $25.07 and its 200-day moving average price is $23.78. The firm has a market capitalization of $19.56 billion, a PE ratio of 15.38, a P/E/G ratio of 4.09 and a beta of 0.78. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a fifty-two week low of $15.70 and a fifty-two week high of $28.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current 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 the consensus estimate of $0.07 by $0.27. The business had revenue of $4.69 billion for the quarter, compared to analyst estimates of $1.07 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 16.08% and a net margin of 22.32%. As a group, equities analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS for the current year.

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

The business also recently announced a special dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, December 29th will be given 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 presently 40.33%.

Analysts Set New Price Targets

A number of analysts recently weighed in on SBS shares. Weiss Ratings reissued a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, January 21st. 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 note on Friday, January 2nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. raised its position in shares of 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 purchasing an additional 54,576 shares during the period. Exchange Traded Concepts LLC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 3rd quarter worth approximately $1,731,000. Atria Investments Inc bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 2nd quarter worth approximately $747,000. ELCO Management Co. LLC acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 2nd quarter worth approximately $326,000. Finally, Allianz SE bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter valued at approximately $410,000. Institutional investors own 10.62% of the company’s stock.

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.