CANADA LIFE ASSURANCE Co Acquires 22,589 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

CANADA LIFE ASSURANCE Co increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 359,581 shares of the utilities provider's stock after purchasing an additional 22,589 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.05% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $5,142,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Alliancebernstein L.P. increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 3,464.7% in the 4th quarter. Alliancebernstein L.P. now owns 887,266 shares of the utilities provider's stock valued at $12,715,000 after buying an additional 862,376 shares during the period. Verde Servicos Internacionais S.A. lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 603.1% during the fourth quarter. Verde Servicos Internacionais S.A. now owns 667,196 shares of the utilities provider's stock worth $9,561,000 after purchasing an additional 572,308 shares during the period. Amundi boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 6.7% during the fourth quarter. Amundi now owns 6,752,801 shares of the utilities provider's stock valued at $96,732,000 after purchasing an additional 426,669 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 41.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 693,992 shares of the utilities provider's stock valued at $9,945,000 after purchasing an additional 202,967 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter worth approximately $1,659,000. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Price Performance

SBS stock traded up $0.14 during trading on Tuesday, hitting $20.44. 396,199 shares of the stock traded hands, compared to its average volume of 1,060,556. The stock has a market cap of $13.97 billion, a price-to-earnings ratio of 8.03 and a beta of 0.77. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a one year low of $13.10 and a one year high of $21.10. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a 50 day simple moving average of $17.65 and a 200 day simple moving average of $16.39.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last released its quarterly earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.43. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a return on equity of 27.73% and a net margin of 25.62%. The firm had revenue of $981.20 million during the quarter, compared to analysts' expectations of $6.89 billion. Equities analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current fiscal year.

Analyst Ratings Changes

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 note on Tuesday, April 1st.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Profile

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.