Janney Montgomery Scott LLC Invests $443,000 in Transportadora De Gas Sa Ord B (NYSE:TGS)

Janney Montgomery Scott LLC acquired a new position in Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,756 shares of the energy company's stock, valued at approximately $443,000.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Transportadora De Gas Sa Ord B by 67.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,524 shares of the energy company's stock valued at $42,574,000 after acquiring an additional 583,991 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth $9,812,000. William Blair Investment Management LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth $5,246,000. Brevan Howard Capital Management LP acquired a new stake in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth $4,813,000. Finally, Seldon Capital LP acquired a new stake in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth $3,771,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

Transportadora De Gas Sa Ord B Stock Performance

NYSE TGS traded down $0.69 on Monday, reaching $26.40. 524,730 shares of the company's stock traded hands, compared to its average volume of 271,916. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 10.52 and a beta of 0.69. The stock has a 50 day moving average price of $28.09 and a 200-day moving average price of $27.62. Transportadora De Gas Sa Ord B has a fifty-two week low of $14.16 and a fifty-two week high of $34.37. 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 Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th will be issued a $0.9279 dividend. The ex-dividend date of this dividend is Monday, June 30th. Transportadora De Gas Sa Ord B's payout ratio is 37.05%.

Wall Street Analyst Weigh In

Several research firms have recently commented on TGS. Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research note on Saturday. Citigroup lifted their price objective 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 note on Monday, May 19th. Finally, Santander upgraded shares of Transportadora De Gas Sa Ord B to an "outperform" rating in a research note on Wednesday, May 14th.

Transportadora De Gas Sa Ord B 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.