Penserra Capital Management LLC Invests $611,000 in Transportadora De Gas Sa Ord B (NYSE:TGS)

Penserra Capital Management LLC acquired 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,115 shares of the energy company's stock, valued at approximately $611,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Transportadora De Gas Sa Ord B by 13.7% during the first quarter. GAMMA Investing LLC now owns 3,582 shares of the energy company's stock worth $95,000 after buying an additional 432 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth about $76,000. ABS Direct Equity Fund LLC boosted its position in shares of Transportadora De Gas Sa Ord B by 5.9% during the first quarter. ABS Direct Equity Fund LLC now owns 63,200 shares of the energy company's stock worth $1,672,000 after buying an additional 3,531 shares during the period. Insigneo Advisory Services LLC boosted its position in shares of Transportadora De Gas Sa Ord B by 55.2% during the first quarter. Insigneo Advisory Services LLC now owns 11,442 shares of the energy company's stock worth $303,000 after buying an additional 4,071 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Transportadora De Gas Sa Ord B by 1,493.8% during the fourth quarter. NewEdge Advisors LLC now owns 9,451 shares of the energy company's stock worth $277,000 after buying an additional 8,858 shares during the period. 3.29% of the stock is owned by institutional investors and hedge funds.

Transportadora De Gas Sa Ord B Stock Performance

NYSE:TGS traded up $0.47 on Monday, hitting $25.21. The company's stock had a trading volume of 522,291 shares, compared to its average volume of 340,061. The company has a current ratio of 2.97, a quick ratio of 2.94 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average of $28.17 and a two-hundred day moving average of $27.56. The firm has a market capitalization of $3.80 billion, a P/E ratio of 10.04 and a beta of 0.69. Transportadora De Gas Sa Ord B has a one year low of $14.16 and a one year high of $34.37.

Transportadora De Gas Sa Ord B Dividend Announcement

The firm also recently disclosed 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 dividend payout ratio is 37.05%.

Analysts Set New Price Targets

Several brokerages recently commented on TGS. Wall Street Zen raised Transportadora De Gas Sa Ord B from a "hold" rating to a "buy" rating in a research report on Sunday. Citigroup increased their price target on Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Finally, Santander raised Transportadora De Gas Sa Ord B to an "outperform" rating in a research report on Wednesday, May 14th.

About Transportadora De Gas Sa Ord B

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.