Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies reduced its stake in Companhia de Saneamento Básico do Estado de São Paulo (SABESP) by 28.8%, selling 577,928 shares and now holding 1,430,543 shares valued at about $35.6 million (roughly 0.21% of the company).
• Sabesp announced a special dividend of $0.4772 per share (record date Dec. 29; payment May 11) and the stock has a market capitalization of $19.42 billion, a P/E of 15.27 and a 52‑week range of $16.11–$30.63.
• Other institutional investors modestly increased positions (hedge funds and institutions own about 10.62% of shares), and analyst sentiment is mixed but carries a consensus rating of Moderate Buy.

American Century Companies Inc. lessened its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 28.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,430,543 shares of the utilities provider's stock after selling 577,928 shares during the period. American Century Companies Inc. owned about 0.21% of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp worth $35,606,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. US Bancorp DE increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3.2% during the 3rd 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 last quarter. Profund Advisors LLC boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3.6% in the second quarter. Profund Advisors LLC now owns 20,388 shares of the utilities provider's stock worth $448,000 after acquiring an additional 715 shares during the last quarter. ProShare Advisors LLC grew 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 purchasing an additional 875 shares during the period. KBC Group NV grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3.8% in the second quarter. KBC Group NV now owns 30,310 shares of the utilities provider's stock valued at $666,000 after purchasing an additional 1,118 shares during the period. Finally, Vident Advisory LLC increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 4.1% during the second quarter. Vident Advisory LLC now owns 29,030 shares of the utilities provider's stock worth $638,000 after purchasing an additional 1,146 shares during the last quarter. Hedge funds and other institutional investors own 10.62% of the company's stock.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Down 1.3%

Shares of NYSE:SBS opened at $27.59 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 52-week low of $16.11 and a 52-week high of $30.63. The company has a 50 day moving average of $26.75 and a two-hundred day moving average of $25.21. The company has a market capitalization of $19.42 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 5.37 and a beta of 0.78.

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

The business also recently announced a special dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, December 29th will be paid a $0.4772 dividend. The ex-dividend date is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp's dividend payout ratio is 40.33%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SBS shares. Zacks Research upgraded Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "strong sell" rating to a "hold" rating in a report on Monday, February 2nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a consensus rating of "Moderate Buy".

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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