Transportadora De Gas Sa Ord B (NYSE:TGS) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Transportadora De Gas Sa Ord B (NYSE:TGS) from a buy rating to a hold rating in a research note released on Saturday morning.

Other equities analysts also recently issued reports about the company. Citigroup raised their price objective on Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, May 19th. Santander raised Transportadora De Gas Sa Ord B to an “outperform” rating in a research note on Wednesday, May 14th.

Transportadora De Gas Sa Ord B Stock Performance

NYSE TGS opened at $27.09 on Friday. Transportadora De Gas Sa Ord B has a 1-year low of $14.16 and a 1-year high of $34.37. The company has a market capitalization of $4.08 billion, a P/E ratio of 10.79 and a beta of 0.69. The business has a 50 day moving average price of $28.08 and a 200 day moving average price of $27.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.97 and a quick ratio of 2.94.

Transportadora De Gas Sa Ord B Announces Dividend

The business also recently declared a — dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th will be given a dividend of $0.9279 per share. The ex-dividend date of this dividend is Monday, June 30th. Transportadora De Gas Sa Ord B’s payout ratio is 37.05%.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Several hedge funds have recently bought and sold shares of TGS. NewEdge Advisors LLC grew its position in shares of Transportadora De Gas Sa Ord B by 28.8% in the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock valued at $322,000 after purchasing an additional 2,725 shares during the period. Millennium Management LLC grew its position in shares of Transportadora De Gas Sa Ord B by 787.5% in the first quarter. Millennium Management LLC now owns 143,919 shares of the energy company’s stock valued at $3,808,000 after purchasing an additional 127,702 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Transportadora De Gas Sa Ord B by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,490,547 shares of the energy company’s stock valued at $39,440,000 after purchasing an additional 36,023 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of Transportadora De Gas Sa Ord B by 66.9% in the first quarter. Cubist Systematic Strategies LLC now owns 57,609 shares of the energy company’s stock valued at $1,524,000 after purchasing an additional 23,094 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Transportadora De Gas Sa Ord B in the first quarter valued at $2,341,000. Hedge funds and other institutional investors own 3.29% of the company’s stock.

Transportadora De Gas Sa Ord B Company Profile

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.