Cubist Systematic Strategies LLC Purchases 23,094 Shares of Transportadora De Gas Sa Ord B $TGS

Key Points

• Cubist Systematic Strategies LLC increased its stake in Transportadora De Gas Sa Ord B by 66.9%, acquiring an additional 23,094 shares during the first quarter, bringing their total holdings to 57,609 shares worth $1,524,000.
• Multiple firms have recently altered their ratings for the stock, with Citigroup raising its price target from $35 to $40 and rating the stock as a "buy," while Wall Street Zen downgraded it to a "hold" rating.
• Transportadora De Gas Sa Ord B recently declared a dividend of $0.9279 per share, with a payout ratio currently at 44.29%.

Cubist Systematic Strategies LLC lifted its position in shares of Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) by 66.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,609 shares of the energy company's stock after buying an additional 23,094 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Transportadora De Gas Sa Ord B were worth $1,524,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B during the first quarter worth $443,000. GAMMA Investing LLC increased 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. TT International Asset Management LTD increased its position in shares of Transportadora De Gas Sa Ord B by 3.1% during the first quarter. TT International Asset Management LTD now owns 1,227,656 shares of the energy company's stock worth $32,484,000 after buying an additional 37,083 shares during the period. Penserra Capital Management LLC bought a new position in Transportadora De Gas Sa Ord B during the first quarter worth $611,000. Finally, SG Americas Securities LLC acquired a new stake in Transportadora De Gas Sa Ord B in the first quarter worth $740,000. 3.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Citigroup raised their price target on shares of Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Wall Street Zen cut shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $40.00.

Transportadora De Gas Sa Ord B Stock Down 6.1%

Shares of Transportadora De Gas Sa Ord B stock traded down $1.37 during trading hours on Friday, reaching $21.24. The company's stock had a trading volume of 386,047 shares, compared to its average volume of 586,721. Transportadora De Gas Sa Ord B has a one year low of $18.15 and a one year high of $34.37. The company has a market capitalization of $3.20 billion, a P/E ratio of 10.11 and a beta of 0.82. The stock's fifty day simple moving average is $26.86 and its two-hundred day simple moving average is $26.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.31 and a current ratio of 3.35.

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 of this dividend was Monday, June 30th. Transportadora De Gas Sa Ord B's dividend payout ratio (DPR) is 43.81%.

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.