Arlington Capital Management Inc. Takes $3.96 Million Position in Transportadora De Gas Sa Ord B $TGS

Key Points

• Arlington Capital Management initiated a $3.96 million position in Transportadora de Gas del Sur, purchasing 133,259 shares—equivalent to 0.09% of the company and 2.3% of Arlington’s portfolio.
• TGS shares opened at $29.93, while the company reported quarterly EPS of $0.60, below the $0.63 consensus estimate. Revenue of $360.86 million exceeded analyst expectations of $286.98 million.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $39.00; institutional investors collectively own 3.29% of the stock.

Arlington Capital Management Inc. acquired a new position in Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 133,259 shares of the energy company's stock, valued at approximately $3,962,000. Transportadora De Gas Sa Ord B accounts for 2.3% of Arlington Capital Management Inc.'s holdings, making the stock its 13th largest holding. Arlington Capital Management Inc. owned 0.09% of Transportadora De Gas Sa Ord B at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TGS. Fifth Third Bancorp boosted its holdings in shares of Transportadora De Gas Sa Ord B by 116.0% during the 1st quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company's stock valued at $57,000 after buying an additional 890 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Transportadora De Gas Sa Ord B by 28.8% in the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company's stock worth $322,000 after acquiring an additional 2,725 shares in the last quarter. Van ECK Associates Corp lifted its position in Transportadora De Gas Sa Ord B by 536.6% during the 4th quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company's stock valued at $135,000 after acquiring an additional 3,665 shares during the period. JPMorgan Chase & Co. boosted its stake in 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 worth $2,954,000 after acquiring an additional 4,347 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Transportadora De Gas Sa Ord B during the first quarter worth about $210,000. 3.29% of the stock is owned by institutional investors.

Transportadora De Gas Sa Ord B Trading Up 1.1%

Shares of NYSE:TGS opened at $29.93 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 5.11 and a quick ratio of 5.08. Transportadora De Gas Sa Ord B has a 1 year low of $19.74 and a 1 year high of $36.35. The company has a market cap of $4.51 billion, a P/E ratio of 11.47, a PEG ratio of 0.61 and a beta of 0.59. The stock's fifty day moving average price is $29.44 and its 200-day moving average price is $30.52.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $286.98 million. Sell-side analysts expect that Transportadora De Gas Sa Ord B will post 2.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About Transportadora De Gas Sa Ord B

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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