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

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock 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.

Analyst Ratings Changes

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

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Price Performance

The stock has a market cap of $13.87 billion, a PE ratio of 7.99 and a beta of 0.77. The business has a fifty day simple moving average of $17.59 and a two-hundred day simple moving average of $16.36. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 15.1% in the 3rd quarter. State Street Corp now owns 470,822 shares of the utilities provider's stock worth $7,787,000 after purchasing an additional 61,874 shares during the last quarter. Barclays PLC raised its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.7% during the 3rd quarter. Barclays PLC now owns 651,123 shares of the utilities provider's stock valued at $10,769,000 after buying an additional 29,228 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 36.7% during the 3rd quarter. Geode Capital Management LLC now owns 27,666 shares of the utilities provider's stock valued at $458,000 after buying an additional 7,421 shares during the period. World Investment Advisors LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 3rd quarter worth $1,502,000. Finally, Trium Capital LLP grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.3% in the fourth quarter. Trium Capital LLP now owns 55,608 shares of the utilities provider's stock worth $797,000 after acquiring an additional 3,782 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.