Duff & Phelps Investment Management Co. Raises Stock Holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Duff & Phelps Investment Management Co. boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 6.5% during the 2nd quarter, Holdings Channel reports. The firm owned 1,465,000 shares of the utilities provider’s stock after acquiring an additional 90,000 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $19,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 2nd quarter worth $95,000. Point72 Asia Singapore Pte. Ltd. raised its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.6% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,305 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 3,324 shares during the period. First Affirmative Financial Network boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.6% in the second quarter. First Affirmative Financial Network now owns 11,165 shares of the utilities provider’s stock valued at $150,000 after acquiring an additional 1,069 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the second quarter valued at about $155,000. Finally, QRG Capital Management Inc. grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.2% during the 1st quarter. QRG Capital Management Inc. now owns 11,664 shares of the utilities provider’s stock valued at $196,000 after acquiring an additional 780 shares during the period. Institutional investors own 10.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a report on Thursday, September 12th.

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

Shares of SBS opened at $16.56 on Friday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1 year low of $11.29 and a 1 year high of $18.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 1.35. The stock’s fifty day moving average price is $16.89 and its two-hundred day moving average price is $15.76. The firm has a market cap of $11.32 billion, a PE ratio of 15.62 and a beta of 1.16.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $1.30 billion for the quarter. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 13.34% and a net margin of 15.00%. On average, equities research analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.06 EPS for the current year.

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.