Companhia de Saneamento Bsc DEDSP (SBS) Shares Bought by Creative Planning

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Creative Planning raised its stake in Companhia de Saneamento Bsc DEDSP (NYSE:SBS) by 10.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 11,192 shares of the utilities provider’s stock after purchasing an additional 1,091 shares during the period. Creative Planning’s holdings in Companhia de Saneamento Bsc DEDSP were worth $118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors L.P. grew its position in shares of Companhia de Saneamento Bsc DEDSP by 14.1% during the 4th quarter. Natixis Advisors L.P. now owns 278,955 shares of the utilities provider’s stock valued at $2,251,000 after buying an additional 34,537 shares during the last quarter. Barclays PLC boosted its stake in Companhia de Saneamento Bsc DEDSP by 32.5% during the 4th quarter. Barclays PLC now owns 471,294 shares of the utilities provider’s stock valued at $3,803,000 after purchasing an additional 115,670 shares during the period. Checchi Capital Advisers LLC acquired a new position in Companhia de Saneamento Bsc DEDSP during the 4th quarter valued at about $88,000. Two Sigma Investments LP boosted its stake in Companhia de Saneamento Bsc DEDSP by 3,526.1% during the 4th quarter. Two Sigma Investments LP now owns 1,113,793 shares of the utilities provider’s stock valued at $8,988,000 after purchasing an additional 1,083,077 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Companhia de Saneamento Bsc DEDSP during the 4th quarter valued at about $262,000.

A number of research firms have issued reports on SBS. ValuEngine raised shares of Companhia de Saneamento Bsc DEDSP from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research raised shares of Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. Citigroup lowered shares of Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 16th. Finally, HSBC lowered shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold”.

Companhia de Saneamento Bsc DEDSP stock opened at $10.58 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.03. Companhia de Saneamento Bsc DEDSP has a 52-week low of $5.58 and a 52-week high of $12.36.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last posted its earnings results on Friday, March 29th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.31. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.08 billion. Companhia de Saneamento Bsc DEDSP had a net margin of 17.69% and a return on equity of 15.05%. Equities analysts forecast that Companhia de Saneamento Bsc DEDSP will post 1.16 EPS for the current fiscal year.

The company also recently announced a special dividend, which will be paid on Monday, July 8th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.2999 per share. The ex-dividend date of this dividend is Tuesday, April 30th. Companhia de Saneamento Bsc DEDSP’s payout ratio is 22.02%.

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About Companhia de Saneamento Bsc DEDSP

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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Institutional Ownership by Quarter for Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

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