Nordea Investment Management AB Has $7.35 Million Stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Nordea Investment Management AB cut its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 62.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 483,335 shares of the utilities provider's stock after selling 792,079 shares during the period. Nordea Investment Management AB's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $7,347,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 20.3% in the 1st quarter. BlackRock Inc. now owns 8,308,124 shares of the utilities provider's stock valued at $83,164,000 after purchasing an additional 1,400,875 shares during the period. First Trust Advisors LP grew its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 78.0% in the first quarter. First Trust Advisors LP now owns 4,928,061 shares of the utilities provider's stock valued at $48,443,000 after purchasing an additional 2,158,995 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 490.4% in the 1st quarter. Wellington Management Group LLP now owns 3,089,967 shares of the utilities provider's stock valued at $30,375,000 after acquiring an additional 2,566,633 shares during the period. Millennium Management LLC grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 3,529.5% in the 4th quarter. Millennium Management LLC now owns 1,758,404 shares of the utilities provider's stock valued at $18,745,000 after acquiring an additional 1,709,957 shares during the period. Finally, Morgan Stanley raised its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 13.5% in the 3rd quarter. Morgan Stanley now owns 1,749,027 shares of the utilities provider's stock worth $21,198,000 after purchasing an additional 208,347 shares in the last quarter.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Up 2.2 %

SBS traded up $0.35 during trading on Friday, reaching $16.02. 1,182,300 shares of the company's stock were exchanged, compared to its average volume of 892,540. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a one year low of $8.45 and a one year high of $16.68. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $10.95 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 0.93 and a beta of 1.23. The firm has a fifty day moving average price of $15.81 and a two-hundred day moving average price of $14.03.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Profile

Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State.