Bleakley Financial Group LLC Has $340,000 Stock Holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Bleakley Financial Group LLC grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 4.9% in the 3rd quarter, Holdings Channel reports. The fund owned 20,537 shares of the utilities provider’s stock after purchasing an additional 956 shares during the quarter. Bleakley Financial Group LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SBS. Summit Securities Group LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the second quarter worth $95,000. Point72 Asia Singapore Pte. Ltd. lifted 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 purchasing an additional 3,324 shares during the period. First Affirmative Financial Network lifted its position 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 worth $150,000 after purchasing an additional 1,069 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the second quarter worth $155,000. Finally, Atomi Financial Group Inc. bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter worth $176,000. 10.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SBS has been the subject of several research reports. 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. StockNews.com cut Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th.

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

Shares of NYSE:SBS opened at $16.02 on Wednesday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a twelve month low of $11.46 and a twelve month high of $18.36. The firm has a market cap of $10.95 billion, a PE ratio of 13.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.35 and a current ratio of 1.36. The business has a fifty day moving average of $16.93 and a 200-day moving average of $15.77.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last announced its earnings results on Thursday, August 8th. The utilities provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. 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%. The company had revenue of $1.30 billion during the quarter. On average, equities research analysts predict that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.13 EPS for the current fiscal year.

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.