Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Short Interest Up 413.4% in May

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 14,602,841 shares, a growth of 413.4% from the April 30th total of 2,844,497 shares. Based on an average daily volume of 5,520,243 shares, the short-interest ratio is currently 2.6 days. Approximately 0.4% of the company’s stock are short sold.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Performance

Shares of NYSE:SBS traded down $0.07 during trading on Friday, hitting $5.52. 5,840,185 shares of the stock were exchanged, compared to its average volume of 4,980,351. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1-year low of $3.78 and a 1-year high of $7.16. The company has a market capitalization of $19.41 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 1.31 and a beta of 0.74. The company’s fifty day simple moving average is $101.36 and its 200-day simple moving average is $121.43. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.73 and a current ratio of 1.74.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 16.38% and a net margin of 24.25%.The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.28 billion. Sell-side analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 1.24 EPS for the current fiscal year.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Announces Dividend

The business also recently announced a special dividend, which was paid on Monday, May 11th. Investors of record on Friday, March 27th were given a dividend of $0.4772 per share. This represents a dividend yield of 55.0%. The ex-dividend date was Friday, March 27th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio (DPR) is 26.32%.

Analyst Upgrades and Downgrades

SBS has been the subject of a number of recent research reports. Weiss Ratings downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Jefferies Financial Group started coverage on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Thursday, March 19th. They set a “buy” rating and a $183.00 price objective on the stock. Wall Street Zen raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Zacks Research lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

Hedge Funds Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Several hedge funds and other institutional investors have recently modified their holdings of SBS. VPR Management LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% during the fourth quarter. VPR Management LLC now owns 29,056 shares of the utilities provider’s stock worth $693,000 after purchasing an additional 376 shares during the period. Creative Planning grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% during the third quarter. Creative Planning now owns 31,150 shares of the utilities provider’s stock worth $775,000 after purchasing an additional 386 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 18,343 shares of the utilities provider’s stock worth $437,000 after purchasing an additional 406 shares during the period. Signaturefd LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.2% during the fourth quarter. Signaturefd LLC now owns 9,750 shares of the utilities provider’s stock worth $233,000 after purchasing an additional 484 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.0% during the fourth quarter. Quadrant Capital Group LLC now owns 10,344 shares of the utilities provider’s stock worth $247,000 after purchasing an additional 491 shares during the period. Institutional investors own 10.62% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.