Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Downgraded to “Hold” at StockNews.com

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 0.0 %

NYSE SBS opened at $15.63 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.55. The firm has a market cap of $10.68 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 0.85 and a beta of 1.23. The company has a 50 day moving average price of $15.99 and a 200 day moving average price of $14.88. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52 week low of $8.75 and a 52 week high of $17.14.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 46.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,257,167 shares of the utilities provider’s stock worth $49,607,000 after purchasing an additional 1,034,319 shares during the last quarter. Duff & Phelps Investment Management Co. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.0% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,375,000 shares of the utilities provider’s stock worth $20,941,000 after purchasing an additional 125,000 shares during the last quarter. Banco BTG Pactual S.A. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 698.7% during the 4th quarter. Banco BTG Pactual S.A. now owns 905,676 shares of the utilities provider’s stock worth $13,929,000 after purchasing an additional 792,276 shares during the last quarter. Kapitalo Investimentos Ltda grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 35.5% during the 4th quarter. Kapitalo Investimentos Ltda now owns 859,217 shares of the utilities provider’s stock worth $13,086,000 after purchasing an additional 225,214 shares during the last quarter. Finally, Perpetual Ltd grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.5% during the 1st quarter. Perpetual Ltd now owns 628,052 shares of the utilities provider’s stock worth $10,570,000 after purchasing an additional 54,662 shares during the last quarter. Institutional investors own 10.62% of the company’s stock.

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.