51,488 Shares in Transportadora De Gas Sa Ord B $TGS Acquired by Absolute Gestao de Investimentos Ltda.

Key Points

• Absolute Gestao de Investimentos acquired 51,488 shares of Transportadora de Gas del Sur, valued at approximately $1.53 million. Institutional investors collectively own 3.29% of TGS.
• TGS reported quarterly revenue of $360.86 million, exceeding estimates, but earnings of $0.60 per share missed consensus by $0.03. Analysts expect full-year earnings of approximately $2.68 per share.
• The stock opened at $29.12, well below its 52-week high of $36.35. Analyst sentiment is broadly “Hold,” with an average price target of $39.00.

Absolute Gestao de Investimentos Ltda. bought a new stake in shares of Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 51,488 shares of the energy company's stock, valued at approximately $1,531,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Millennium Management LLC lifted its position in shares of Transportadora De Gas Sa Ord B by 787.5% during the 1st quarter. Millennium Management LLC now owns 143,919 shares of the energy company's stock valued at $3,808,000 after acquiring an additional 127,702 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Transportadora De Gas Sa Ord B by 28.8% during 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 last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Transportadora De Gas Sa Ord B by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company's stock valued at $2,954,000 after purchasing an additional 4,347 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Transportadora De Gas Sa Ord B by 11.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 182,354 shares of the energy company's stock valued at $4,723,000 after purchasing an additional 18,009 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Transportadora De Gas Sa Ord B by 22.4% in the 2nd quarter. Marshall Wace LLP now owns 117,680 shares of the energy company's stock valued at $3,048,000 after purchasing an additional 21,520 shares during the period. 3.29% of the stock is currently owned by institutional investors.

Transportadora De Gas Sa Ord B Stock Performance

TGS stock opened at $29.12 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.08 and a current ratio of 5.11. The stock has a market cap of $4.38 billion, a P/E ratio of 11.16, a P/E/G ratio of 0.60 and a beta of 0.59. The firm has a 50 day simple moving average of $29.44 and a 200 day simple moving average of $30.51. Transportadora De Gas Sa Ord B has a 52 week low of $19.74 and a 52 week high of $36.35.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The energy company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). Transportadora De Gas Sa Ord B had a net margin of 27.38% and a return on equity of 16.29%. The company had revenue of $360.86 million during the quarter, compared to analyst estimates of $286.98 million. Research analysts anticipate that Transportadora De Gas Sa Ord B will post 2.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on TGS. Bank of America restated a "buy" rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 11th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 18th. Zacks Research downgraded shares of Transportadora De Gas Sa Ord B from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Finally, Wall Street Zen lowered shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $39.00.

Transportadora De Gas Sa Ord B Profile

Transportadora de Gas del Sur SA NYSE: TGS is an Argentina‐based midstream energy company principally engaged in the transportation, storage and processing of natural gas. Established in 1992 following the privatization of the state‐owned gas utility, TGS operates one of the country's largest pipeline networks, carrying gas from production basins in the Neuquén and Golfo San Jorge regions to major consumption markets in Buenos Aires and beyond. The company's infrastructure supports both domestic supply and export volumes bound for neighboring countries.

In addition to its core pipeline business, TGS maintains a significant gas processing division that extracts natural gas liquids (NGL) and produces liquefied petroleum gas (LPG) and other by‐products.

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