First Trust Advisors LP Has $20.08 Million Stock Holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

First Trust Advisors LP lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,401,173 shares of the utilities provider's stock after buying an additional 26,125 shares during the quarter. First Trust Advisors LP owned about 0.20% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $20,079,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 15.1% during the third 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 in the last quarter. Barclays PLC lifted its holdings 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 worth $10,769,000 after buying an additional 29,228 shares in the last quarter. Geode Capital Management LLC boosted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 36.7% in 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 last quarter. World Investment Advisors LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 3rd quarter valued at $1,502,000. Finally, Trium Capital LLP raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.3% during 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 last quarter. Institutional investors and hedge funds own 10.62% of the company's stock.

Analysts Set New Price Targets

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 report on Tuesday, April 1st.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Up 0.3 %

Shares of NYSE SBS opened at $20.29 on Friday. The company's 50 day simple moving average is $17.59 and its 200 day simple moving average is $16.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a fifty-two week low of $13.10 and a fifty-two week high of $20.33. The firm has a market capitalization of $13.87 billion, a P/E ratio of 7.99 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 business had revenue of $981.20 million for 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%. On average, analysts predict that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.