JPMorgan Chase & Co. Sells 50,500 Shares of Transportadora De Gas Sa Ord B $TGS

Key Points

• JPMorgan Chase & Co. cut its stake in Transportadora De Gas (NYSE:TGS) by 44.3%, selling 50,500 shares and leaving 63,573 shares valued at $1.337 million at the end of the quarter.
• TGS reported quarterly EPS of $0.57 with a net margin of 24.28% and analysts expect full‑year EPS of 1.96; MarketBeat's consensus rating is a Moderate Buy with a $39.50 target price.
• Other institutional activity included Ping Capital raising its stake to 102,700 shares (about $2.16M) and BNP Paribas increasing holdings by 1,027.7% to 8,390 shares, while overall institutional ownership stands near 3.29%.

JPMorgan Chase & Co. reduced its stake in Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) by 44.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,573 shares of the energy company's stock after selling 50,500 shares during the period. JPMorgan Chase & Co.'s holdings in Transportadora De Gas Sa Ord B were worth $1,337,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in shares of Transportadora De Gas Sa Ord B by 1,027.7% in the third quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company's stock valued at $176,000 after acquiring an additional 7,646 shares during the period. NewEdge Advisors LLC boosted its position in shares of Transportadora De Gas Sa Ord B by 28.8% in the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company's stock valued at $322,000 after acquiring an additional 2,725 shares during the period. Hsbc Holdings PLC bought a new position in shares of Transportadora De Gas Sa Ord B in the second quarter valued at approximately $706,000. Banco BTG Pactual S.A. bought a new position in shares of Transportadora De Gas Sa Ord B in the second quarter valued at approximately $2,141,000. Finally, Ping Capital Management Inc. boosted its position in shares of Transportadora De Gas Sa Ord B by 75.6% in the third quarter. Ping Capital Management Inc. now owns 102,700 shares of the energy company's stock valued at $2,160,000 after acquiring an additional 44,200 shares during the period. 3.29% of the stock is currently owned by institutional investors.

Transportadora De Gas Sa Ord B Trading Down 3.2%

Shares of Transportadora De Gas Sa Ord B stock opened at $32.74 on Friday. Transportadora De Gas Sa Ord B has a 1 year low of $19.74 and a 1 year high of $36.35. The firm has a market cap of $4.93 billion, a PE ratio of 15.59, a PEG ratio of 1.25 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.72 and a quick ratio of 3.67. The company has a 50 day simple moving average of $31.33 and a two-hundred day simple moving average of $29.38.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) last announced its earnings results on Saturday, February 14th. The energy company reported $0.57 earnings per share (EPS) for the quarter. Transportadora De Gas Sa Ord B had a net margin of 24.28% and a return on equity of 14.05%. The business had revenue of $326.20 million during the quarter. Analysts expect that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TGS. Zacks Research lowered Transportadora De Gas Sa Ord B from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 26th. Weiss Ratings reissued a "hold (c)" rating on shares of Transportadora De Gas Sa Ord B in a research note on Monday, December 29th. Finally, Wall Street Zen lowered Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research note on Sunday, March 15th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Transportadora De Gas Sa Ord B presently has an average rating of "Moderate Buy" and a consensus target price of $39.50.

Transportadora De Gas Sa Ord B Profile

Transportadora de Gas del Sur SA NYSE: TGS is an Argentina‐based midstream energy company principally engaged in the transportation, storage and processing of natural gas. Established in 1992 following the privatization of the state‐owned gas utility, TGS operates one of the country's largest pipeline networks, carrying gas from production basins in the Neuquén and Golfo San Jorge regions to major consumption markets in Buenos Aires and beyond. The company's infrastructure supports both domestic supply and export volumes bound for neighboring countries.

In addition to its core pipeline business, TGS maintains a significant gas processing division that extracts natural gas liquids (NGL) and produces liquefied petroleum gas (LPG) and other by‐products.

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