Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Acquired by US Bancorp DE

US Bancorp DE increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 19.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,374 shares of the utilities provider’s stock after purchasing an additional 2,455 shares during the quarter. US Bancorp DE’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $254,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SBS. Sei Investments Co. purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 1st quarter worth about $563,000. QRG Capital Management Inc. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.2% during the first 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. Russell Investments Group Ltd. increased its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 3.3% during the first quarter. Russell Investments Group Ltd. now owns 53,214 shares of the utilities provider’s stock worth $896,000 after acquiring an additional 1,702 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 1st quarter worth about $283,000. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 1st quarter valued at about $881,000. 10.62% of the stock is owned by institutional investors and hedge funds.

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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $16.38 on Thursday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12-month low of $12.84 and a 12-month high of $18.36. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of 6.45 and a beta of 1.16. 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 firm’s fifty day moving average price is $16.42 and its 200 day moving average price is $15.77.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SBS. 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 note on Thursday, September 12th. The Goldman Sachs Group raised Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a research report on Sunday, October 6th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company 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.