SG Americas Securities LLC Invests $740,000 in Transportadora De Gas Sa Ord B (NYSE:TGS)

SG Americas Securities LLC 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 and Exchange Commission (SEC). The firm purchased 27,979 shares of the energy company's stock, valued at approximately $740,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in Transportadora De Gas Sa Ord B by 13.7% in the first quarter. GAMMA Investing LLC now owns 3,582 shares of the energy company's stock worth $95,000 after buying an additional 432 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Transportadora De Gas Sa Ord B during the fourth quarter valued at about $76,000. Insigneo Advisory Services LLC acquired a new stake in Transportadora De Gas Sa Ord B in the 4th quarter valued at approximately $216,000. NewEdge Advisors LLC boosted its position in shares of Transportadora De Gas Sa Ord B by 1,493.8% in the fourth quarter. NewEdge Advisors LLC now owns 9,451 shares of the energy company's stock valued at $277,000 after acquiring an additional 8,858 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Transportadora De Gas Sa Ord B by 339.0% in the fourth quarter. Bank of America Corp DE now owns 14,585 shares of the energy company's stock worth $427,000 after acquiring an additional 11,263 shares during the last quarter. 3.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TGS. Citigroup upped their target price on shares of 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. Santander raised shares of Transportadora De Gas Sa Ord B to an "outperform" rating in a research note on Wednesday, May 14th. Finally, Wall Street Zen lowered Transportadora De Gas Sa Ord B from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 12th.

Transportadora De Gas Sa Ord B Price Performance

NYSE TGS traded up $0.74 during trading hours on Tuesday, reaching $27.59. 287,448 shares of the company's stock were exchanged, compared to its average volume of 261,866. The firm has a fifty day moving average of $28.08 and a 200-day moving average of $27.78. Transportadora De Gas Sa Ord B has a one year low of $14.16 and a one year high of $34.37. The stock has a market cap of $4.15 billion, a PE ratio of 10.99 and a beta of 0.72. The company has a current ratio of 2.97, a quick ratio of 2.94 and a debt-to-equity ratio of 0.21.

Transportadora De Gas Sa Ord B Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th will be paid a $0.9279 dividend. The ex-dividend date is Monday, June 30th.

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.