MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 36,023 Shares of Transportadora De Gas Sa Ord B $TGS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Transportadora De Gas Sa Ord B by 2.5%, acquiring 36,023 additional shares, bringing its total holdings to approximately 1.49 million shares valued at $39.44 million.
• Several institutional investors, including TT International Asset Management LTD and GAMMA Investing LLC, also increased their positions in Transportadora De Gas, reflecting growing interest in the company.
• Brokerages like Citigroup have raised their price targets for the stock to $40.00, indicating a positive outlook, with two investment analysts rating it as a "Buy."

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) by 2.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,490,547 shares of the energy company's stock after acquiring an additional 36,023 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.99% of Transportadora De Gas Sa Ord B worth $39,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TT International Asset Management LTD lifted its position in 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 purchasing an additional 37,083 shares during the last quarter. Fourth Sail Capital LP bought a new position in shares of Transportadora De Gas Sa Ord B in the 1st quarter worth $4,887,000. Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Transportadora De Gas Sa Ord B by 241.6% in the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 115,420 shares of the energy company's stock worth $3,054,000 after buying an additional 81,629 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Transportadora De Gas Sa Ord B by 2,908.9% in the 1st quarter. GAMMA Investing LLC now owns 94,780 shares of the energy company's stock worth $2,508,000 after buying an additional 91,630 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Transportadora De Gas Sa Ord B in the 1st quarter worth $2,341,000. Hedge funds and other institutional investors own 3.29% of the company's stock.

Wall Street Analysts Forecast Growth

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

Transportadora De Gas Sa Ord B Stock Performance

Shares of NYSE TGS opened at $26.41 on Friday. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 12.58 and a beta of 0.82. The company has a current ratio of 3.35, a quick ratio of 3.31 and a debt-to-equity ratio of 0.23. Transportadora De Gas Sa Ord B has a 1-year low of $18.15 and a 1-year high of $34.37. The stock's 50-day moving average is $27.30 and its 200 day moving average is $27.13.

Transportadora De Gas Sa Ord B Dividend Announcement

The business also recently announced a -- dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were issued a dividend of $0.9279 per share. The ex-dividend date was Monday, June 30th. Transportadora De Gas Sa Ord B's dividend payout ratio is currently 44.29%.

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.

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