Duff & Phelps Investment Management Co. Increases Position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Duff & Phelps Investment Management Co. raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,375,000 shares of the utilities provider's stock after buying an additional 125,000 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.20% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $20,941,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Trium Capital LLP boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 12.9% in the 3rd quarter. Trium Capital LLP now owns 53,061 shares of the utilities provider's stock worth $643,000 after purchasing an additional 6,052 shares in the last quarter. Jump Financial LLC bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the third quarter worth approximately $323,000. Van ECK Associates Corp grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 13.1% during the third quarter. Van ECK Associates Corp now owns 7,961 shares of the utilities provider's stock valued at $96,000 after buying an additional 921 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the third quarter valued at approximately $2,967,000. Finally, UBS Group AG increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 0.9% during the third quarter. UBS Group AG now owns 260,956 shares of the utilities provider's stock valued at $3,163,000 after acquiring an additional 2,207 shares in the last quarter. 10.62% of the stock is owned by hedge funds and other institutional investors.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Performance

Shares of SBS traded down $0.43 on Tuesday, reaching $15.63. The company's stock had a trading volume of 601,506 shares, compared to its average volume of 905,757. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 12-month low of $8.75 and a 12-month high of $17.14. The stock has a market capitalization of $10.68 billion, a P/E ratio of 18.66, a PEG ratio of 0.85 and a beta of 1.23. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.01 and a quick ratio of 0.99. The stock's 50 day simple moving average is $16.02 and its two-hundred day simple moving average is $14.85.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, April 29th will be given a dividend of $0.2808 per share. This is a boost from Companhia de Saneamento Básico do Estado de São Paulo - SABESP's previous annual dividend of $0.19. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, April 26th. Companhia de Saneamento Básico do Estado de São Paulo - SABESP's payout ratio is presently 52.33%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a report on Tuesday.

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

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.