Significant Wealth Partners LLC Purchases New Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Significant Wealth Partners LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 13,090 shares of the utilities provider’s stock, valued at approximately $199,000.

Several other institutional investors and hedge funds also recently modified their holdings of SBS. Federated Hermes Inc. raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 63.0% during the 4th quarter. Federated Hermes Inc. now owns 76,794 shares of the utilities provider’s stock valued at $1,170,000 after buying an additional 29,694 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 57.9% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 26,715 shares of the utilities provider’s stock valued at $407,000 after acquiring an additional 9,800 shares in the last quarter. Lester Murray Antman dba SimplyRich purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at approximately $224,000. Sequoia Financial Advisors LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter worth $206,000. Finally, Blue Trust Inc. boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 316.6% in 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 during the period. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 3.4 %

NYSE:SBS opened at $16.01 on Tuesday. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 0.82 and a beta of 1.23. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a one year low of $8.75 and a one year high of $17.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.99 and a current ratio of 1.01. The business’s 50-day simple moving average is $16.02 and its 200 day simple moving average is $14.71.

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

The firm also recently announced an annual dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, April 29th will be given a $0.2808 dividend. This represents a dividend yield of 1.4%. This is a positive change from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.19. The ex-dividend date is Friday, April 26th. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s dividend payout ratio is presently 26.74%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research note on Monday.

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

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.