Natixis Advisors L.P. Increases Position in Tenaris S.A. (NYSE:TS)

Natixis Advisors L.P. raised its holdings in shares of Tenaris S.A. (NYSE:TS) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 642,049 shares of the industrial products company’s stock after purchasing an additional 43,223 shares during the period. Natixis Advisors L.P. owned 0.11% of Tenaris worth $22,317,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of Tenaris by 101.5% during the third quarter. Wellington Management Group LLP now owns 877,305 shares of the industrial products company’s stock valued at $27,723,000 after acquiring an additional 442,016 shares in the last quarter. Optiver Holding B.V. purchased a new position in shares of Tenaris in the third quarter worth $2,862,000. Beck Bode LLC lifted its holdings in shares of Tenaris by 2.3% during the fourth quarter. Beck Bode LLC now owns 35,112 shares of the industrial products company’s stock valued at $1,220,000 after purchasing an additional 782 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in shares of Tenaris during the third quarter valued at $1,113,000. Finally, Pacer Advisors Inc. increased its holdings in Tenaris by 59.6% in the 4th quarter. Pacer Advisors Inc. now owns 525,993 shares of the industrial products company’s stock worth $18,284,000 after buying an additional 196,331 shares in the last quarter. 10.45% of the stock is currently owned by hedge funds and other institutional investors.

Tenaris Stock Performance

TS stock opened at $33.80 on Monday. The business’s 50-day moving average is $37.77 and its two-hundred day moving average is $34.89. The company has a market cap of $19.95 billion, a price-to-earnings ratio of 5.63, a P/E/G ratio of 2.59 and a beta of 1.51. Tenaris S.A. has a fifty-two week low of $24.69 and a fifty-two week high of $40.72.

Tenaris (NYSE:TS) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.89. The firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Tenaris had a net margin of 24.89% and a return on equity of 21.11%. Equities analysts predict that Tenaris S.A. will post 3.91 earnings per share for the current year.

Tenaris Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Tuesday, May 21st will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, May 20th. This is a boost from Tenaris’s previous Semi-Annual dividend of $0.68. Tenaris’s dividend payout ratio (DPR) is currently 13.33%.

Wall Street Analyst Weigh In

Several research firms have issued reports on TS. Morgan Stanley cut shares of Tenaris from an “overweight” rating to an “underweight” rating and set a $40.00 target price on the stock. in a research note on Thursday, April 18th. Bank of America initiated coverage on shares of Tenaris in a research report on Tuesday, January 16th. They set a “neutral” rating on the stock.

About Tenaris

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.