Amundi Pioneer Asset Management Inc. Purchases 492,438 Shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

Amundi Pioneer Asset Management Inc. grew its position in shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS) by 47.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,539,881 shares of the utilities provider’s stock after purchasing an additional 492,438 shares during the quarter. Amundi Pioneer Asset Management Inc. owned approximately 0.23% of Companhia de Saneamento Bsc DEDSP worth $12,427,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Natixis Advisors L.P. grew its stake in Companhia de Saneamento Bsc DEDSP by 14.1% in the 4th quarter. Natixis Advisors L.P. now owns 278,955 shares of the utilities provider’s stock valued at $2,251,000 after acquiring an additional 34,537 shares during the period. Barclays PLC boosted its stake in Companhia de Saneamento Bsc DEDSP by 32.5% during the 4th quarter. Barclays PLC now owns 471,294 shares of the utilities provider’s stock worth $3,803,000 after purchasing an additional 115,670 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Companhia de Saneamento Bsc DEDSP by 2.0% during the 3rd quarter. Wells Fargo & Company MN now owns 863,987 shares of the utilities provider’s stock worth $5,098,000 after purchasing an additional 16,691 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Companhia de Saneamento Bsc DEDSP by 129.6% during the 3rd quarter. Mackenzie Financial Corp now owns 79,795 shares of the utilities provider’s stock worth $471,000 after purchasing an additional 45,041 shares during the last quarter. Finally, Checchi Capital Advisers LLC acquired a new stake in Companhia de Saneamento Bsc DEDSP during the 4th quarter worth $88,000.

Shares of SBS stock traded up $0.11 on Friday, hitting $10.46. 1,416,519 shares of the stock traded hands, compared to its average volume of 2,635,302. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.03. Companhia de Saneamento Bsc DEDSP has a twelve month low of $5.58 and a twelve month high of $12.25.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last announced its quarterly earnings results on Friday, March 29th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.31. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Companhia de Saneamento Bsc DEDSP had a net margin of 17.40% and a return on equity of 14.81%. Equities research analysts forecast that Companhia de Saneamento Bsc DEDSP will post 1.16 earnings per share for the current year.

The company also recently declared a special dividend, which will be paid on Monday, July 8th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.2999 per share. The ex-dividend date is Tuesday, April 30th. Companhia de Saneamento Bsc DEDSP’s payout ratio is 20.18%.

Several brokerages have issued reports on SBS. HSBC cut shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Citigroup cut shares of Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 16th. Zacks Investment Research raised shares of Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. ValuEngine cut shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Finally, Janney Montgomery Scott cut shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “neutral” rating in a research note on Thursday, January 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold”.

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About Companhia de Saneamento Bsc DEDSP

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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Institutional Ownership by Quarter for Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

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