Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Short Interest Down 14.5% in February

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 3,354,612 shares, a decrease of 14.5% from the February 12th total of 3,923,669 shares. Based on an average trading volume of 937,803 shares, the short-interest ratio is currently 3.6 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 937,803 shares, the short-interest ratio is currently 3.6 days.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Weiss Ratings restated 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 raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Institutional Trading of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Several large investors have recently modified their holdings of the stock. Arax Advisory Partners acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter valued at $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter worth $44,000. EverSource Wealth Advisors LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 1,666 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter valued at $54,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter valued at about $86,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 3.3%

Shares of NYSE:SBS traded up $0.92 during midday trading on Tuesday, reaching $28.76. The company’s stock had a trading volume of 2,314,009 shares, compared to its average volume of 1,425,168. The firm has a market capitalization of $20.24 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 5.43 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a 50 day moving average price of $27.33 and a two-hundred day moving average price of $25.54. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a fifty-two week low of $16.52 and a fifty-two week high of $30.63.

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. Shareholders of record on Monday, December 29th will be paid a $0.4772 dividend. The ex-dividend date of this dividend 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.