PGGM Investments Sells 411,585 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

PGGM Investments reduced its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 40.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 611,415 shares of the utilities provider’s stock after selling 411,585 shares during the quarter. PGGM Investments’ holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $9,312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 274.8% during the 3rd 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 during the last quarter. UBS Group AG raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 0.9% during the 3rd quarter. UBS Group AG now owns 260,956 shares of the utilities provider’s stock valued at $3,163,000 after buying an additional 2,207 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 3rd quarter valued at $2,967,000. Hsbc Holdings PLC raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 70.8% during the 3rd quarter. Hsbc Holdings PLC now owns 241,077 shares of the utilities provider’s stock valued at $2,921,000 after buying an additional 99,924 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 14.2% in the 3rd quarter. Rhumbline Advisers now owns 222,582 shares of the utilities provider’s stock worth $2,698,000 after purchasing an additional 27,594 shares in the last quarter. 10.62% of the stock is currently owned by institutional investors.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 2.7 %

NYSE SBS traded up $0.41 during trading on Friday, hitting $16.00. The company had a trading volume of 491,838 shares, compared to its average volume of 961,891. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.55. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a one year low of $8.75 and a one year high of $17.14. The company has a market cap of $10.94 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 0.85 and a beta of 1.23. The company’s fifty day moving average is $16.02 and its 200-day moving average is $14.81.

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. Shareholders of record on Monday, April 29th will be issued a $0.2808 dividend. The ex-dividend date 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. This represents a yield of 1.4%. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s dividend payout ratio is 26.74%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a report on Monday, April 22nd.

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.