Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Sets New 12-Month High - Here's What Happened

Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $19.06 and last traded at $19.04, with a volume of 522018 shares trading hands. The stock had previously closed at $18.71.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Down 0.0 %

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The stock has a market capitalization of $13.82 billion, a P/E ratio of 7.95 and a beta of 0.77. The company's 50-day moving average price is $17.53 and its 200 day moving average price is $16.33.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last released its quarterly earnings data on Monday, March 24th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.43. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a net margin of 25.62% and a return on equity of 27.73%. The firm had revenue of $981.20 million for the quarter, compared to analysts' expectations of $6.89 billion. As a group, equities analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current year.

Institutional Investors Weigh In On Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Several large investors have recently bought and sold shares of SBS. Quilter Plc boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.3% during the fourth quarter. Quilter Plc now owns 1,044,718 shares of the utilities provider's stock worth $14,971,000 after buying an additional 43,436 shares during the period. State Street Corp raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 15.1% during the 3rd quarter. State Street Corp now owns 470,822 shares of the utilities provider's stock worth $7,787,000 after acquiring an additional 61,874 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth $26,000. Perpetual Ltd raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 8.4% in the fourth quarter. Perpetual Ltd now owns 703,964 shares of the utilities provider's stock worth $10,088,000 after buying an additional 54,326 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 82.7% during the fourth quarter. Blue Trust Inc. now owns 39,008 shares of the utilities provider's stock worth $559,000 after purchasing an additional 17,662 shares during the period. Institutional investors own 10.62% of the company's stock.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Company Profile

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.