Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS Shares Purchased by Assetmark Inc.

Key Points

• Assetmark Inc. raised its stake in Companhia de Saneamento Básico do Estado de São Paulo (NYSE:SBS) by 3.8% in Q4, buying 36,240 shares to hold 985,400 shares worth about $23.50 million (≈0.14% ownership).
• The company declared a special dividend of $0.4772 per share payable May 11 (record/ex-dividend date March 27), which the report cites as representing a ~55.0% yield.
• Recent results show $0.71 EPS on $1.03 billion revenue last quarter, a market cap of $23.93 billion and a P/E of 15.55; analysts' consensus is a Buy with an average target of $36.60 (Jefferies initiated coverage at Buy).

Assetmark Inc. increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 985,400 shares of the utilities provider's stock after purchasing an additional 36,240 shares during the quarter. Assetmark Inc. owned 0.14% of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp worth $23,502,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Creative Planning lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1.3% in the third quarter. Creative Planning now owns 31,150 shares of the utilities provider's stock valued at $775,000 after acquiring an additional 386 shares during the period. Signaturefd LLC lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 5.2% in the fourth quarter. Signaturefd LLC now owns 9,750 shares of the utilities provider's stock valued at $233,000 after acquiring an additional 484 shares during the period. US Bancorp DE lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3.2% in the third quarter. US Bancorp DE now owns 20,029 shares of the utilities provider's stock valued at $499,000 after acquiring an additional 612 shares during the period. BNP Paribas Financial Markets lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3.3% in the third quarter. BNP Paribas Financial Markets now owns 21,740 shares of the utilities provider's stock valued at $541,000 after acquiring an additional 699 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1.8% in the third quarter. ProShare Advisors LLC now owns 49,370 shares of the utilities provider's stock valued at $1,229,000 after acquiring an additional 875 shares during the period. 10.62% of the stock is owned by institutional investors and hedge funds.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Price Performance

SBS stock opened at $34.00 on Thursday. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 1 year low of $18.09 and a 1 year high of $34.28. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.12 and a current ratio of 1.12. The stock's 50 day moving average price is $29.59 and its 200 day moving average price is $26.56. The firm has a market cap of $23.93 billion, a P/E ratio of 15.55, a PEG ratio of 6.69 and a beta of 0.75.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last posted its quarterly earnings data on Saturday, February 14th. The utilities provider reported $0.71 EPS for the quarter. The firm had revenue of $1.03 billion during the quarter. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a return on equity of 15.76% and a net margin of 23.64%. On average, sell-side analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 earnings per share for the current fiscal year.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Monday, May 11th. Investors of record on Friday, March 27th will be given a dividend of $0.4772 per share. This represents a yield of 55.0%. The ex-dividend date is Friday, March 27th. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp's dividend payout ratio (DPR) is currently 4.57%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SBS. Weiss Ratings raised Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy (b)" rating to a "buy (a-)" rating in a report on Tuesday, March 17th. Zacks Research downgraded Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Jefferies Financial Group began coverage on Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in a report on Thursday, March 19th. They issued a "buy" rating and a $36.60 target price for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $36.60.

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

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.

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