Shares float of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp
Shares float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in stock held by promoters, company officers, controlling-interest investors, or government. This number is sometimes seen as a better way of calculating market capitalization because it provides a more accurate reflection of what public investors consider the company to be worth. In this context, the float may refer to all the shares outstanding that can be publicly traded
The float is calculated by subtracting the locked-in shares from outstanding shares. Stocks with smaller floats tend to be more volatile than those with larger floats. In general, the large holdings of founding shareholders, corporate cross-holdings, and government holdings in partially privatized companies are excluded when calculating the size of a public float.
Shares float of companies in the Public Utilities sector on NYSE compared to Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp
Companhia de Saneamento B??sico do Estado de S??o 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 S??o 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. As of December 31, 2016, the company provided water services through 8.7 million water connections to approximately 24.7 million people; and sewage services through 7.1 million sewage connections to approximately 21.2 million people, as well as operated 73,015 kilometers of water pipes and water transmission lines, and 50,097 kilometers of sewer lines. It also offers water and/or sewage services to other municipalities through special purpose companies. The company was founded in 1954 and is headquartered in S??o Paulo, Brazil.
- Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp, Rua Costa Carvalho, 300, Sao Paulo 05429-900, Brazil