Water Utilities: Companhia de Saneamento Basico (NYSE:SBS), Aqua America (NYSE:WTR), American Water Works (NYSE:AWK), American States Water (NYSE:AWR)

Posted by on Mar 24, 2014

Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (SABESP) is a Brazil-based company which provides basic and environmental sanitation services in the domestic market. The Company is engaged in the supply and treatment of water and collection, transportation, treatment and disposal of sewage. Companhia de Saneamento Basico (ADR) (NYSE:SBS) shares after opening at $8.33on last trade day and at the end of the day closed at $8.50. Company price to sales ratio in past twelve months was calculated as 1.21 and price to cash ratio as 733. Companhia de Saneamento Basico (ADR) (NYSE:SBS) showed a negative weekly performance of -1.16%.

On March 19, Aqua America Inc (NYSE:WTR) continues with its systematic inorganic growth strategy to expand operations. The company’s Virginia subsidiary announced that it has completed three different acquisitions – four water systems and one wastewater system. Aqua America paid $150,000 to Presidential Service Company to acquire the latter’s water system assets. In addition, the company purchased a wastewater system asset from Presidential Service Company. This acquisition will enable the company to enter into King George County, Va. Aqua America Inc (NYSE:WTR) shares advanced 0.16% in last trading session and ended the day on $24.94. WTR return on equity ratio is recorded as 15.00% and its return on assets is 4.40%. Aqua America Inc (NYSE:WTR) yearly performance is 4.97%.

American Water Works Company Inc (NYSE:AWK) subsidiary Pennsylvania American Water has provided its construction program for 2014. Per the plan, the company will restore thirteen existing water storage tanks and construct four new storage infrastructures in the state of Pennsylvania. The expected investment for these projects will be approximately $10 million. Under the water storage tanks restoration program, Pennsylvania American Water will have to examine, sandblast and repaint the existing tanks. American Water Works Company Inc (NYSE:AWK) shares moved up 0.90% in last trading session and was closed at $45.06, while trading in range of $44.71 – $45.53. American Water Works Company Inc (NYSE:AWK) year to date (YTD) performance is 7.34%.

American States Water (NYSE:AWR) was upgraded by investment analysts at Brean Capital from a “hold” rating to a “buy” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $33.00 price objective on the stock. Brean Capital’s price target points to a potential upside of 6.87% from the company’s current price. The analysts noted that the move was a valuation call. American States Water Co (NYSE:AWR) weekly performance is 1.65%. On last trading day company shares ended up $32.60. American States Water Co (NYSE:AWR) distance from 50-day simple moving average (SMA50) is 12.74%. Analysts mean target price for the company is $31.00.

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