Mercer Global Advisors Inc. ADV Sells 1,007 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Mercer Global Advisors Inc. ADV decreased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS – Get Rating) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,131 shares of the utilities provider’s stock after selling 1,007 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $396,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 490.4% during the first quarter. Wellington Management Group LLP now owns 3,089,967 shares of the utilities provider’s stock worth $30,375,000 after buying an additional 2,566,633 shares in the last quarter. First Trust Advisors LP boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 78.0% during the first quarter. First Trust Advisors LP now owns 4,928,061 shares of the utilities provider’s stock worth $48,443,000 after buying an additional 2,158,995 shares in the last quarter. PGGM Investments acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter worth $9,320,000. Itau Unibanco Holding S.A. boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 152.9% during the third quarter. Itau Unibanco Holding S.A. now owns 1,582,470 shares of the utilities provider’s stock worth $14,416,000 after buying an additional 956,708 shares in the last quarter. Finally, Banco BTG Pactual S.A. boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 68.6% in the 3rd quarter. Banco BTG Pactual S.A. now owns 2,111,612 shares of the utilities provider’s stock valued at $19,237,000 after purchasing an additional 859,475 shares in the last quarter. Institutional investors own 12.57% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 0.3 %

Shares of NYSE:SBS opened at $10.21 on Wednesday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52 week low of $7.45 and a 52 week high of $12.04. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.04. The company’s fifty day moving average is $9.77 and its 200-day moving average is $10.28.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS – Get Rating) last issued its earnings results on Friday, March 24th. The utilities provider reported $0.18 EPS for the quarter. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 12.57% and a return on equity of 10.51%. The company had revenue of $1.13 billion for the quarter.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Increases Dividend

The firm also recently declared a — dividend, which will be paid on Thursday, July 6th. Investors of record on Wednesday, May 3rd will be issued a $0.2527 dividend. This represents a dividend yield of 2.2%. This is a boost from Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s previous — dividend of $0.25. The ex-dividend date is Tuesday, May 2nd. Companhia de Saneamento Básico do Estado de São Paulo – SABESP’s payout ratio is currently 25.61%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Wednesday.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Profile

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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.