Nykredit A S Purchases New Position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS

Key Points

• Nykredit A S acquired 192,367 Sabesp shares during the second quarter, valued at approximately $1.1 million. Several other institutional investors also increased or initiated positions, while institutions collectively own 10.62% of the company.
• Analyst sentiment remains positive but has weakened: three analysts rate the stock Buy or Hold, producing a consensus “Moderate Buy” rating and a $183 price target.
• Sabesp recently reported quarterly EPS of $0.07 and revenue of $1.16 billion, missing estimates of $0.09 EPS and $1.23 billion revenue. The stock opened at $5.38, down about 1%, with a 12-month range of $4.43 to $7.16.

Nykredit A S acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 192,367 shares of the utilities provider's stock, valued at approximately $1,112,000.

A number of other institutional investors have also recently bought and sold shares of SBS. Corient Private Wealth LP increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 378.2% in the second quarter. Corient Private Wealth LP now owns 174,844 shares of the utilities provider's stock valued at $1,011,000 after purchasing an additional 138,283 shares in the last quarter. Formuepleje A S acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 2nd quarter valued at $2,374,000. Brown Financial Advisors grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 391.5% in the 2nd quarter. Brown Financial Advisors now owns 48,653 shares of the utilities provider's stock valued at $281,000 after buying an additional 38,754 shares during the period. Absolute Gestao de Investimentos Ltda. bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 2nd quarter valued at $876,000. Finally, Groupe la Francaise increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 790.3% in the 2nd quarter. Groupe la Francaise now owns 750,759 shares of the utilities provider's stock valued at $4,343,000 after buying an additional 666,437 shares in the last quarter. Institutional investors and hedge funds own 10.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SBS. Wall Street Zen downgraded Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a research note on Monday, August 17th. Weiss Ratings downgraded Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Finally, Zacks Research lowered Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Down 1.0%

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp stock opened at $5.38 on Wednesday. The stock has a market capitalization of $18.95 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 4.16 and a beta of 0.67. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a twelve month low of $4.43 and a twelve month high of $7.16. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.02. The company has a 50 day moving average of $5.20 and a 200-day moving average of $48.67.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.23 billion. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a return on equity of 14.03% and a net margin of 23.93%. On average, equities research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 0.38 EPS for the current fiscal year.

About Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

Companhia de Saneamento Básico do Estado de São Paulo, known as Sabesp, is a Brazilian water and wastewater utility headquartered in São Paulo. The company provides treated water production and distribution, sewage collection, wastewater treatment, and related sanitation services to residential, commercial, and industrial customers.

Sabesp operates primarily in the state of São Paulo, including the São Paulo metropolitan region and municipalities served under concession or service agreements.

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