Penserra Capital Management LLC Buys Shares of 23,115 Transportadora De Gas Sa Ord B (NYSE:TGS)

Penserra Capital Management LLC bought a new position in shares of Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,115 shares of the energy company's stock, valued at approximately $611,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Transportadora De Gas Sa Ord B by 67.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,524 shares of the energy company's stock worth $42,574,000 after acquiring an additional 583,991 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Transportadora De Gas Sa Ord B in the 4th quarter worth about $9,812,000. William Blair Investment Management LLC bought a new stake in Transportadora De Gas Sa Ord B in the 4th quarter worth about $5,246,000. Brevan Howard Capital Management LP bought a new stake in Transportadora De Gas Sa Ord B in the 4th quarter worth about $4,813,000. Finally, Seldon Capital LP bought a new stake in Transportadora De Gas Sa Ord B in the 4th quarter worth about $3,771,000. 3.29% of the stock is owned by institutional investors.

Transportadora De Gas Sa Ord B Stock Performance

TGS traded down $1.57 during midday trading on Friday, reaching $24.75. The company had a trading volume of 437,982 shares, compared to its average volume of 276,683. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.94 and a current ratio of 2.97. The stock has a market cap of $3.73 billion, a PE ratio of 9.86 and a beta of 0.69. Transportadora De Gas Sa Ord B has a 12-month low of $14.16 and a 12-month high of $34.37. The business has a 50-day moving average price of $28.17 and a two-hundred day moving average price of $27.57.

Transportadora De Gas Sa Ord B Dividend Announcement

The business also recently announced a -- dividend, which was paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th were paid a $0.9279 dividend. The ex-dividend date was Monday, June 30th. Transportadora De Gas Sa Ord B's payout ratio is 37.05%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TGS. Citigroup upped their price objective on shares of Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Santander raised shares of Transportadora De Gas Sa Ord B to an "outperform" rating in a research report on Wednesday, May 14th.

Transportadora De Gas Sa Ord B 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.