Quantbot Technologies LP Makes New Investment in Transportadora De Gas Sa Ord B $TGS

Key Points

• Quantbot Technologies LP has acquired 24,782 shares of Transportadora De Gas Sa Ord B ($TGS), valued at approximately $656,000.
• The company recently announced a $0.9279 dividend, with an ex-dividend date of June 30, and a payout ratio of 44.29%.
• Wall Street analysts have mixed views on $TGS, with Citigroup raising its price target to $40.00 while Wall Street Zen downgraded the stock to a "hold" rating.

Quantbot Technologies LP acquired a new position in Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,782 shares of the energy company's stock, valued at approximately $656,000.

Other hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Transportadora De Gas Sa Ord B by 67.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,524 shares of the energy company's stock valued at $42,574,000 after purchasing an additional 583,991 shares during the period. TT International Asset Management LTD raised its position in shares of Transportadora De Gas Sa Ord B by 3.1% in the first quarter. TT International Asset Management LTD now owns 1,227,656 shares of the energy company's stock valued at $32,484,000 after purchasing an additional 37,083 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at approximately $9,812,000. Fourth Sail Capital LP bought a new stake in shares of Transportadora De Gas Sa Ord B in the first quarter valued at approximately $4,887,000. Finally, Brevan Howard Capital Management LP bought a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at approximately $4,813,000. Institutional investors own 3.29% of the company's stock.

Transportadora De Gas Sa Ord B Price Performance

Transportadora De Gas Sa Ord B stock traded down $0.28 during midday trading on Friday, reaching $27.21. 407,876 shares of the stock were exchanged, compared to its average volume of 390,018. The company's fifty day moving average is $27.37 and its 200-day moving average is $27.17. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.31 and a current ratio of 3.35. The firm has a market cap of $4.10 billion, a PE ratio of 12.96 and a beta of 0.71. Transportadora De Gas Sa Ord B has a 52 week low of $18.15 and a 52 week high of $34.37.

Transportadora De Gas Sa Ord B Dividend Announcement

The company also recently announced a -- dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were issued a dividend of $0.9279 per share. The ex-dividend date of this dividend was Monday, June 30th. Transportadora De Gas Sa Ord B's dividend payout ratio is 44.29%.

Wall Street Analysts Forecast Growth

TGS has been the topic of several research reports. Santander raised shares of Transportadora De Gas Sa Ord B to an "outperform" rating in a research report on Wednesday, May 14th. Wall Street Zen lowered shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Citigroup boosted their price target on shares of 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. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Transportadora De Gas Sa Ord B has an average rating of "Buy" and a consensus price target of $40.00.

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.