Companhia de Saneamento Bsc DEDSP (NYSE:SBS) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company.

Several research firms recently weighed in on SBS. ValuEngine raised 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 Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a research note on Monday, February 18th.

Shares of SBS stock traded down $0.15 during trading hours on Wednesday, reaching $12.04. 1,990,900 shares of the company’s stock were exchanged, compared to its average volume of 2,638,679. Companhia de Saneamento Bsc DEDSP has a 1 year low of $5.58 and a 1 year high of $13.00. 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 (NYSE:SBS) last issued its earnings results on Thursday, May 9th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. Companhia de Saneamento Bsc DEDSP had a return on equity of 15.05% and a net margin of 17.69%. Sell-side analysts expect that Companhia de Saneamento Bsc DEDSP will post 1.13 earnings per share for the current year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning increased its stake in Companhia de Saneamento Bsc DEDSP by 10.8% in the 1st quarter. Creative Planning now owns 11,192 shares of the utilities provider’s stock valued at $118,000 after purchasing an additional 1,091 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Companhia de Saneamento Bsc DEDSP by 10.8% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 21,500 shares of the utilities provider’s stock valued at $227,000 after purchasing an additional 2,100 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Companhia de Saneamento Bsc DEDSP by 31.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,280 shares of the utilities provider’s stock valued at $141,000 after purchasing an additional 3,200 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in Companhia de Saneamento Bsc DEDSP by 0.5% in the 1st quarter. Pictet Asset Management Ltd. now owns 616,989 shares of the utilities provider’s stock valued at $6,659,000 after purchasing an additional 3,249 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Companhia de Saneamento Bsc DEDSP by 4.6% during the 1st quarter. Rockefeller Capital Management L.P. now owns 78,993 shares of the utilities provider’s stock valued at $836,000 after buying an additional 3,508 shares during the last quarter.

Companhia de Saneamento Bsc DEDSP Company Profile

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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