Kapitalo Investimentos Ltda Acquires 225,214 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Kapitalo Investimentos Ltda grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 35.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 859,217 shares of the utilities provider's stock after acquiring an additional 225,214 shares during the quarter. Companhia de Saneamento Básico do Estado de São Paulo - SABESP comprises about 2.7% of Kapitalo Investimentos Ltda's holdings, making the stock its 8th largest position. Kapitalo Investimentos Ltda owned 0.13% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $13,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 46.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,257,167 shares of the utilities provider's stock valued at $49,607,000 after acquiring an additional 1,034,319 shares during the period. Banco BTG Pactual S.A. boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 698.7% in the fourth quarter. Banco BTG Pactual S.A. now owns 905,676 shares of the utilities provider's stock worth $13,929,000 after buying an additional 792,276 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the third quarter worth about $2,967,000. FMR LLC grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 274.8% in the third quarter. FMR LLC now owns 263,645 shares of the utilities provider's stock valued at $3,195,000 after buying an additional 193,300 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 10.0% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,375,000 shares of the utilities provider's stock valued at $20,941,000 after buying an additional 125,000 shares during the period. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

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

SBS traded down $0.16 during trading hours on Monday, reaching $15.19. 460,320 shares of the stock traded hands, compared to its average volume of 888,997. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a fifty-two week low of $10.09 and a fifty-two week high of $17.14. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.23 and a quick ratio of 1.21. The firm's fifty day simple moving average is $15.85 and its two-hundred day simple moving average is $15.23.

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

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a research report on Tuesday, April 30th.

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.

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