Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,797 shares of the utilities provider’s stock after selling 2,814 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $312,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 3.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,973 shares of the utilities provider’s stock worth $347,000 after buying an additional 770 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock worth $60,000 after buying an additional 911 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 20,537 shares of the utilities provider’s stock worth $340,000 after buying an additional 956 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.7% in the 3rd quarter. QRG Capital Management Inc. now owns 13,318 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 1,175 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 15.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,336 shares of the utilities provider’s stock worth $221,000 after purchasing an additional 1,751 shares during the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Up 3.9 %

Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $17.78 on Friday. The business’s fifty day moving average price is $15.29 and its two-hundred day moving average price is $16.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. The company has a market capitalization of $12.15 billion, a P/E ratio of 7.00 and a beta of 1.14. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1-year low of $13.10 and a 1-year high of $18.36.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a report on Thursday, February 6th.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.