Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Stock Position Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 188.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,648 shares of the utilities provider's stock after buying an additional 69,048 shares during the period. Envestnet Asset Management Inc.'s holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $1,514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SBS. Wells Fargo & Company MN raised its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 129.0% during the 4th quarter. Wells Fargo & Company MN now owns 15,899 shares of the utilities provider's stock valued at $228,000 after acquiring an additional 8,955 shares in the last quarter. Integrated Quantitative Investments LLC bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter valued at about $731,000. Geode Capital Management LLC lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 29,349 shares of the utilities provider's stock worth $421,000 after purchasing an additional 1,683 shares during the period. Alliancebernstein L.P. increased its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 3,464.7% during 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. Finally, Pictet Asset Management Holding SA raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 41.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 693,992 shares of the utilities provider's stock worth $9,945,000 after buying an additional 202,967 shares in the last quarter. 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

Shares of SBS traded down $0.12 during midday trading on Friday, reaching $19.90. The stock had a trading volume of 1,745,948 shares, compared to its average volume of 1,077,881. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. The company has a market capitalization of $13.60 billion, a P/E ratio of 7.83 and a beta of 0.77. The firm's 50 day moving average price is $17.90 and its 200-day moving average price is $16.50. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 52 week low of $13.10 and a 52 week high of $20.62.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $6.89 billion. On average, analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "hold" rating to a "buy" rating in a report 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.