10,005 Shares in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Acquired by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,005 shares of the utilities provider’s stock, valued at approximately $152,000.

Several other hedge funds and other institutional investors have also modified their holdings of SBS. Trium Capital LLP lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 12.9% during the 3rd quarter. Trium Capital LLP now owns 53,061 shares of the utilities provider’s stock worth $643,000 after buying an additional 6,052 shares during the period. Jump Financial LLC bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 3rd quarter worth approximately $323,000. Van ECK Associates Corp lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 13.1% during the 3rd quarter. Van ECK Associates Corp now owns 7,961 shares of the utilities provider’s stock worth $96,000 after buying an additional 921 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 3rd quarter worth approximately $2,967,000. Finally, UBS Group AG lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 0.9% during the 3rd quarter. UBS Group AG now owns 260,956 shares of the utilities provider’s stock worth $3,163,000 after buying an additional 2,207 shares during the period. Institutional investors own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 0.9 %

Shares of SBS opened at $15.68 on Thursday. The stock has a fifty day moving average price of $15.96 and a two-hundred day moving average price of $15.01. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.99 and a current ratio of 1.01. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52-week low of $9.18 and a 52-week high of $17.14. The company has a market cap of $10.71 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 0.84 and a beta of 1.21.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, April 29th will be given a $0.2808 dividend. This is an increase from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous annual dividend of $0.19. The ex-dividend date of this dividend is Friday, April 26th. This represents a yield of 1.4%. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s payout ratio is presently 26.74%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th.

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.