Sumitomo Mitsui Trust Holdings Inc. Boosts Stock Position in Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS) by 31.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,280 shares of the utilities provider’s stock after buying an additional 3,200 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Companhia de Saneamento Bsc DEDSP were worth $141,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SBS. Creative Planning raised its stake in Companhia de Saneamento Bsc DEDSP by 10.8% in the first quarter. Creative Planning now owns 11,192 shares of the utilities provider’s stock valued at $118,000 after buying an additional 1,091 shares during the last quarter. ETRADE Capital Management LLC raised its stake in Companhia de Saneamento Bsc DEDSP by 4.0% in the fourth quarter. ETRADE Capital Management LLC now owns 101,788 shares of the utilities provider’s stock valued at $821,000 after buying an additional 3,956 shares during the last quarter. Advisor Group Inc. raised its stake in Companhia de Saneamento Bsc DEDSP by 103.2% in the fourth quarter. Advisor Group Inc. now owns 9,054 shares of the utilities provider’s stock valued at $74,000 after buying an additional 4,599 shares during the last quarter. Deltec Asset Management LLC raised its stake in Companhia de Saneamento Bsc DEDSP by 34.2% in the first quarter. Deltec Asset Management LLC now owns 19,600 shares of the utilities provider’s stock valued at $207,000 after buying an additional 5,000 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in Companhia de Saneamento Bsc DEDSP by 7.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 85,425 shares of the utilities provider’s stock valued at $689,000 after buying an additional 6,200 shares during the last quarter.

Shares of NYSE:SBS traded up $0.23 during trading on Friday, hitting $12.17. The stock had a trading volume of 960,100 shares, compared to its average volume of 2,518,604. The business’s 50-day moving average price is $11.38. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $8.07 billion, a PE ratio of 11.17 and a beta of 0.99. Companhia de Saneamento Bsc DEDSP has a 12-month low of $5.58 and a 12-month high of $13.00.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last announced its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. Companhia de Saneamento Bsc DEDSP had a net margin of 17.69% and a return on equity of 15.05%. Equities research analysts anticipate that Companhia de Saneamento Bsc DEDSP will post 1.13 earnings per share for the current year.

The business also recently declared a special dividend, which will be paid on Monday, July 8th. Investors of record on Wednesday, May 1st will be given a dividend of $0.2999 per share. The ex-dividend date of this dividend is Tuesday, April 30th. Companhia de Saneamento Bsc DEDSP’s dividend payout ratio is currently 22.02%.

SBS has been the subject of a number of research analyst reports. ValuEngine upgraded Companhia de Saneamento Bsc DEDSP from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research cut Companhia de Saneamento Bsc DEDSP from a “strong-buy” rating to a “sell” rating and set a $13.00 price objective for the company. in a research note on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $13.00.

Companhia de Saneamento Bsc DEDSP Profile

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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Institutional Ownership by Quarter for Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

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