Sonen Capital LLC Sells 1,300 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Sonen Capital LLC reduced its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 9.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,500 shares of the utilities provider’s stock after selling 1,300 shares during the period. Sonen Capital LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $190,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Significant Wealth Partners LLC bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth approximately $199,000. Federated Hermes Inc. increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 63.0% during the fourth quarter. Federated Hermes Inc. now owns 76,794 shares of the utilities provider’s stock worth $1,170,000 after purchasing an additional 29,694 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 57.9% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 26,715 shares of the utilities provider’s stock valued at $407,000 after purchasing an additional 9,800 shares during the last quarter. Lester Murray Antman dba SimplyRich acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter worth $224,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter worth $206,000. 10.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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, April 22nd.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Performance

SBS opened at $16.00 on Friday. The company has a market cap of $10.94 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 0.85 and a beta of 1.23. 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’s 50-day moving average price is $16.02 and its 200-day moving average price is $14.81. 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 announced an annual dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, April 29th will be given a dividend of $0.2808 per share. This represents a yield of 1.4%. The ex-dividend date is Friday, April 26th. This is an increase 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 payout ratio is currently 26.74%.

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.