Significant Wealth Partners LLC Makes New $199,000 Investment in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Significant Wealth Partners LLC acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,090 shares of the utilities provider’s stock, valued at approximately $199,000.

Several other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its position in 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 buying an additional 2,042 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 13.1% in the third quarter. Van ECK Associates Corp now owns 7,961 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 921 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth $130,000. PNC Financial Services Group Inc. raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.7% during the third quarter. PNC Financial Services Group Inc. now owns 9,698 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 857 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter valued at $125,000. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $16.01 on Tuesday. The business’s 50-day moving average price is $16.02 and its 200 day moving average price is $14.71. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.55. The firm 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 52 week low of $8.75 and a 52 week high of $17.14.

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

The business also recently disclosed 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 yield of 1.4%. The ex-dividend date of this dividend is Friday, April 26th. This is a positive change from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.19. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s dividend payout ratio is currently 26.74%.

Wall Street Analysts Forecast Growth

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

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

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.