88,486 Shares in Transportadora De Gas Sa Ord B $TGS Acquired by Itau Unibanco Holding S.A.

Key Points

• Itau Unibanco Holding S.A. has acquired a new stake of 88,486 shares in Transportadora De Gas Sa Ord B, valued at approximately $2.34 million, representing about 0.06% of the company's total shares.
• Several institutional investors have increased their stakes in Transportadora De Gas Sa Ord B, with NewEdge Advisors LLC boosting its position by 1,493.8% in the last quarter.
• Citigroup has upgraded the price target for Transportadora De Gas Sa Ord B shares from $35.00 to $40.00, reflecting a general positive outlook from analysts with an average rating of "Buy" for the stock.

Itau Unibanco Holding S.A. purchased a new position in shares of Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 88,486 shares of the energy company's stock, valued at approximately $2,341,000. Itau Unibanco Holding S.A. owned about 0.06% of Transportadora De Gas Sa Ord B at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Transportadora De Gas Sa Ord B by 67.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,524 shares of the energy company's stock worth $42,574,000 after acquiring an additional 583,991 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at about $9,812,000. Fourth Sail Capital LP acquired a new stake in shares of Transportadora De Gas Sa Ord B in the first quarter valued at about $4,887,000. Brevan Howard Capital Management LP acquired a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at about $4,813,000. Finally, GAMMA Investing LLC grew its stake in shares of Transportadora De Gas Sa Ord B by 2,908.9% in the first quarter. GAMMA Investing LLC now owns 94,780 shares of the energy company's stock valued at $2,508,000 after buying an additional 91,630 shares in the last quarter. 3.29% of the stock is currently owned by institutional investors and hedge funds.

Transportadora De Gas Sa Ord B Stock Performance

NYSE:TGS traded down $0.28 during trading hours on Monday, reaching $27.21. 407,876 shares of the stock were exchanged, compared to its average volume of 401,852. The company has a quick ratio of 3.31, a current ratio of 3.35 and a debt-to-equity ratio of 0.23. The firm has a 50 day simple moving average of $27.37 and a 200-day simple moving average of $27.16. Transportadora De Gas Sa Ord B has a 52 week low of $18.15 and a 52 week high of $34.37. The stock has a market capitalization of $4.10 billion, a P/E ratio of 12.96 and a beta of 0.82.

Transportadora De Gas Sa Ord B Announces Dividend

The company also recently announced a -- dividend, which was paid on Tuesday, July 8th. Shareholders 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 (DPR) is currently 44.29%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TGS. Wall Street Zen lowered Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Citigroup increased their target price on Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, Santander upgraded Transportadora De Gas Sa Ord B to an "outperform" rating in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Transportadora De Gas Sa Ord B has an average rating of "Buy" and a consensus target price of $40.00.

About Transportadora De Gas Sa Ord B

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.