Manning & Napier Advisors LLC Has $76.89 Million Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Manning & Napier Advisors LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 444.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,089,290 shares of the utilities provider’s stock after purchasing an additional 2,522,231 shares during the quarter. Manning & Napier Advisors LLC owned 0.45% of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp worth $76,892,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SBS. GAMMA Investing LLC lifted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 42.7% in the second quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider’s stock valued at $41,000 after buying an additional 552 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 1,666 shares during the last quarter. Parallel Advisors LLC lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 88.2% in the 2nd quarter. Parallel Advisors LLC now owns 2,885 shares of the utilities provider’s stock valued at $63,000 after acquiring an additional 1,352 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 373.6% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,159 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 2,492 shares during the last quarter. Finally, CWM LLC boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 82.9% during the 3rd quarter. CWM LLC now owns 4,180 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 1,895 shares during the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

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

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $23.17 on Wednesday. The business’s fifty day simple moving average is $25.23 and its 200 day simple moving average is $23.34. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12 month low of $14.46 and a 12 month high of $27.25. The firm has a market capitalization of $16.30 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 3.61 and a beta of 0.81.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its earnings results on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.27. The firm had revenue of $4.69 billion during 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, analysts anticipate 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 Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Monday, May 11th. Investors 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 dividend payout ratio (DPR) is 40.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Zacks Research lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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

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.