Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.
SBS has been the subject of several other research reports. 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 research report on Tuesday, July 28th. Weiss Ratings cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.
Get Our Latest Stock Analysis on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Performance
Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp
A number of institutional investors and hedge funds have recently made changes to their positions in SBS. Bank of America Corp DE grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% in the second quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock valued at $69,251,000 after buying an additional 1,116,681 shares in the last quarter. WCM Investment Management LLC raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 396.7% during the first quarter. WCM Investment Management LLC now owns 2,198,987 shares of the utilities provider’s stock worth $64,716,000 after acquiring an additional 1,756,304 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% in the fourth quarter. Mackenzie Financial Corp now owns 2,161,328 shares of the utilities provider’s stock valued at $52,072,000 after acquiring an additional 48,214 shares during the last quarter. Vanguard Group Inc. lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 2,094,992 shares of the utilities provider’s stock valued at $49,966,000 after acquiring an additional 48,587 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 61.9% in the fourth quarter. Wellington Management Group LLP now owns 1,785,307 shares of the utilities provider’s stock valued at $42,580,000 after acquiring an additional 682,699 shares during the last quarter. 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.
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