Duff & Phelps Investment Management Co. Has $26.10 Million Stock Position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Duff & Phelps Investment Management Co. grew its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 7.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,578,147 shares of the utilities provider's stock after purchasing an additional 113,147 shares during the period. Duff & Phelps Investment Management Co. owned about 0.23% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $26,103,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.7% in the third 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 in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the third quarter valued at approximately $733,000. Orion Portfolio Solutions LLC boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 38.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 70,152 shares of the utilities provider's stock worth $1,160,000 after acquiring an additional 19,395 shares in the last quarter. XTX Topco Ltd boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 152.5% in the 3rd quarter. XTX Topco Ltd now owns 51,644 shares of the utilities provider's stock worth $854,000 after acquiring an additional 31,193 shares in the last quarter. Finally, Wexford Capital LP bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 3rd quarter worth approximately $5,228,000. Institutional investors and hedge funds own 10.62% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. The Goldman Sachs Group raised Companhia de Saneamento Básico do Estado de São Paulo - SABESP to a "strong-buy" rating in a research note on Sunday, October 6th. StockNews.com lowered shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a report on Thursday, September 12th.

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

Shares of SBS traded down $0.01 during mid-day trading on Monday, hitting $14.96. 535,234 shares of the company traded hands, compared to its average volume of 1,050,939. 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 has a 50-day moving average of $16.14 and a 200 day moving average of $15.87. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a one year low of $13.10 and a one year high of $18.36. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 5.89 and a beta of 1.14.

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

Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State.