Bank of America Corp DE increased its stake in Transportadora de Gas del Sur S.A. (NYSE:TGS - Free Report) by 339.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,585 shares of the energy company's stock after acquiring an additional 11,263 shares during the period. Bank of America Corp DE's holdings in Transportadora de Gas del Sur were worth $427,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TGS. William Blair Investment Management LLC purchased a new stake in shares of Transportadora de Gas del Sur during the fourth quarter valued at $5,246,000. Seldon Capital LP purchased a new stake in Transportadora de Gas del Sur during the 4th quarter valued at about $3,771,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Transportadora de Gas del Sur in the 4th quarter valued at approximately $2,805,000. Van Lanschot Kempen Investment Management N.V. purchased a new stake in shares of Transportadora de Gas del Sur in the 4th quarter valued at approximately $989,000. Finally, Jane Street Group LLC boosted its position in shares of Transportadora de Gas del Sur by 101.7% during the 4th quarter. Jane Street Group LLC now owns 52,921 shares of the energy company's stock worth $1,549,000 after purchasing an additional 26,684 shares during the period. Hedge funds and other institutional investors own 3.29% of the company's stock.
Transportadora de Gas del Sur Price Performance
NYSE:TGS traded down $1.20 during trading hours on Friday, reaching $27.78. 291,657 shares of the company traded hands, compared to its average volume of 254,582. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 2.64. The stock has a market cap of $4.18 billion, a P/E ratio of 25.72 and a beta of 0.72. Transportadora de Gas del Sur S.A. has a 1-year low of $14.16 and a 1-year high of $34.37. The firm's 50-day moving average is $27.65 and its 200-day moving average is $27.83.
Analyst Ratings Changes
TGS has been the subject of a number of research reports. Wall Street Zen cut Transportadora de Gas del Sur from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 12th. Santander raised Transportadora de Gas del Sur to an "outperform" rating in a report on Wednesday, May 14th. Finally, Citigroup boosted their target price on Transportadora de Gas del Sur from $35.00 to $40.00 and gave the company a "buy" rating in a report on Monday, May 19th.
View Our Latest Analysis on Transportadora de Gas del Sur
Transportadora de Gas del Sur Company Profile
(
Free Report)
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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