Pictet Asset Management Holding SA Acquires 202,967 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Pictet Asset Management Holding SA raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 41.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 693,992 shares of the utilities provider's stock after purchasing an additional 202,967 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.10% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $9,945,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SBS. Public Employees Retirement System of Ohio bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the third quarter valued at approximately $733,000. State Street Corp boosted its holdings 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 valued at $7,787,000 after buying an additional 61,874 shares in the last quarter. Quilter Plc grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.3% in the 4th 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. Perpetual Ltd increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 8.4% in the 4th quarter. Perpetual Ltd now owns 703,964 shares of the utilities provider's stock worth $10,088,000 after acquiring an additional 54,326 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter valued at about $26,000. 10.62% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of 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 Stock Down 3.1 %

NYSE:SBS traded down $0.56 during trading hours on Monday, reaching $17.11. 1,361,872 shares of the company traded hands, compared to its average volume of 1,044,612. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The business's 50-day moving average price is $17.05 and its two-hundred day moving average price is $16.14. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1 year low of $13.10 and a 1 year high of $18.95. The stock has a market capitalization of $11.69 billion, a P/E ratio of 6.73 and a beta of 0.77.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last posted its quarterly earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.43. The firm had revenue of $981.20 million during the quarter, compared to analyst estimates of $6.89 billion. 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%. Analysts predict that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current year.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP 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.