Fourth Sail Capital LP Purchases Shares of 184,703 Transportadora De Gas Sa Ord B (NYSE:TGS)

Key Points

• Fourth Sail Capital LP has acquired a new stake in Transportadora De Gas Sa Ord B (NYSE:TGS), purchasing 184,703 shares valued at approximately $4.89 million, making it the firm's 25th largest position.
• Analysts are optimistic about TGS, with Citigroup raising their target price from $35 to $40 and giving it a "buy" rating, while Santander upgraded it to "outperform."
• Transportadora De Gas Sa Ord B recently announced a dividend of $0.9279, with a dividend payout ratio of 37.05%, indicating a stable return for investors.

Fourth Sail Capital LP purchased a new stake in shares of Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 184,703 shares of the energy company's stock, valued at approximately $4,887,000. Transportadora De Gas Sa Ord B makes up approximately 1.1% of Fourth Sail Capital LP's investment portfolio, making the stock its 25th biggest position. Fourth Sail Capital LP owned about 0.12% of Transportadora De Gas Sa Ord B as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH increased its holdings in shares of Transportadora De Gas Sa Ord B by 14.4% during the first quarter. Allianz Asset Management GmbH now owns 27,923 shares of the energy company's stock valued at $739,000 after acquiring an additional 3,507 shares in the last quarter. Ping Capital Management Inc. increased its holdings in shares of Transportadora De Gas Sa Ord B by 39.7% during the first quarter. Ping Capital Management Inc. now owns 54,200 shares of the energy company's stock valued at $1,434,000 after acquiring an additional 15,400 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Transportadora De Gas Sa Ord B during the first quarter valued at $611,000. North of South Capital LLP bought a new position in shares of Transportadora De Gas Sa Ord B during the first quarter valued at $662,000. Finally, TT International Asset Management LTD increased its holdings 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 valued at $32,484,000 after acquiring an additional 37,083 shares in the last quarter. 3.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TGS has been the subject of several analyst reports. Wall Street Zen downgraded Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Citigroup raised 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 report on Monday, May 19th. Finally, Santander upgraded Transportadora De Gas Sa Ord B to an "outperform" rating in a report on Wednesday, May 14th.

Transportadora De Gas Sa Ord B Stock Performance

Shares of NYSE:TGS traded down $0.93 during midday trading on Friday, reaching $28.39. 239,074 shares of the company's stock traded hands, compared to its average volume of 337,137. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 11.31 and a beta of 0.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.94 and a current ratio of 2.97. Transportadora De Gas Sa Ord B has a one year low of $17.35 and a one year high of $34.37. The stock has a 50 day moving average of $27.42 and a 200 day moving average of $27.18.

Transportadora De Gas Sa Ord B Announces Dividend

The firm also recently declared a -- dividend, which was paid on Tuesday, July 8th. Stockholders 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 presently 37.05%.

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.