Itau Unibanco Holding S.A. Takes $2.34 Million Position in Transportadora De Gas Sa Ord B $TGS

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

Other institutional investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in shares of Transportadora De Gas Sa Ord B during the fourth quarter valued at about $76,000. 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 acquiring an additional 432 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Transportadora De Gas Sa Ord B by 1,493.8% during the fourth quarter. NewEdge Advisors LLC now owns 9,451 shares of the energy company's stock worth $277,000 after acquiring an additional 8,858 shares in the last quarter. Insigneo Advisory Services LLC increased its position in shares of Transportadora De Gas Sa Ord B by 55.2% during the first quarter. Insigneo Advisory Services LLC now owns 11,442 shares of the energy company's stock worth $303,000 after acquiring an additional 4,071 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth about $400,000. Institutional investors and hedge funds own 3.29% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TGS shares. Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Santander raised shares of Transportadora De Gas Sa Ord B to an "outperform" rating in a research report on Wednesday, May 14th. Finally, Citigroup boosted their target price on shares of Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $40.00.

Transportadora De Gas Sa Ord B Stock Down 5.8%

TGS stock traded down $1.57 during trading on Tuesday, reaching $25.59. The stock had a trading volume of 324,387 shares, compared to its average volume of 346,206. 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 quick ratio of 3.31, a current ratio of 3.35 and a debt-to-equity ratio of 0.23. The company's 50 day moving average is $27.38 and its two-hundred day moving average is $27.16. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 12.18 and a beta of 0.82.

Transportadora De Gas Sa Ord B Dividend Announcement

The business also recently announced a -- dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were given 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 currently 44.29%.

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.