Capital Advisors Inc. OK Invests $214,000 in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

Capital Advisors Inc. OK acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,000 shares of the utilities provider's stock, valued at approximately $214,000.

Other institutional investors also recently made changes to their positions in the company. Deutsche Bank AG raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 55.1% during the 4th quarter. Deutsche Bank AG now owns 6,234,236 shares of the utilities provider's stock valued at $89,337,000 after acquiring an additional 2,213,846 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3,464.7% during the fourth quarter. Alliancebernstein L.P. now owns 887,266 shares of the utilities provider's stock valued at $12,715,000 after purchasing an additional 862,376 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 135.5% in the 4th quarter. Northern Trust Corp now owns 1,377,086 shares of the utilities provider's stock worth $19,734,000 after acquiring an additional 792,330 shares during the period. Amundi raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 6.7% in the 4th quarter. Amundi now owns 6,752,801 shares of the utilities provider's stock worth $96,732,000 after buying an additional 426,669 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao 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 worth $9,945,000 after purchasing an additional 202,967 shares during the last quarter. 10.62% of the stock is owned by institutional investors and hedge funds.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Down 2.0%

Shares of NYSE:SBS traded down $0.41 during trading on Thursday, reaching $20.20. 2,444,917 shares of the company traded hands, compared to its average volume of 1,017,564. The firm has a market cap of $13.81 billion, a P/E ratio of 7.54 and a beta of 0.73. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 1-year low of $13.87 and a 1-year high of $22.18. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $20.72 and a 200 day simple moving average of $18.13.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $7.67 billion. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a return on equity of 29.18% and a net margin of 28.70%. Analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen cut Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Company 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.