Ping Capital Management Inc. Raises Position in Transportadora De Gas Sa Ord B (NYSE:TGS)

Ping Capital Management Inc. grew its position in shares of Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) by 39.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,200 shares of the energy company's stock after buying an additional 15,400 shares during the quarter. Transportadora De Gas Sa Ord B accounts for approximately 0.5% of Ping Capital Management Inc.'s investment portfolio, making the stock its 19th biggest holding. Ping Capital Management Inc.'s holdings in Transportadora De Gas Sa Ord B were worth $1,434,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new position in Transportadora De Gas Sa Ord B in the fourth quarter valued at about $76,000. GAMMA Investing LLC grew its stake in Transportadora De Gas Sa Ord B by 13.7% in the 1st quarter. GAMMA Investing LLC now owns 3,582 shares of the energy company's stock valued at $95,000 after buying an additional 432 shares in the last quarter. Insigneo Advisory Services LLC purchased a new position in Transportadora De Gas Sa Ord B in the 4th quarter valued at approximately $216,000. NewEdge Advisors LLC grew its stake in Transportadora De Gas Sa Ord B by 1,493.8% in the 4th quarter. NewEdge Advisors LLC now owns 9,451 shares of the energy company's stock valued at $277,000 after buying an additional 8,858 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in Transportadora De Gas Sa Ord B in the 4th quarter valued at approximately $400,000. Institutional investors own 3.29% of the company's stock.

Analysts Set New Price Targets

TGS has been the subject of a number of recent research reports. Citigroup lifted their price objective 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 upgraded shares of Transportadora De Gas Sa Ord B to an "outperform" rating in a research note on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of Transportadora De Gas Sa Ord B from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th.

Transportadora De Gas Sa Ord B Trading Down 1.0%

NYSE:TGS traded down $0.25 during trading hours on Monday, reaching $25.75. The company's stock had a trading volume of 61,738 shares, compared to its average volume of 279,202. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 10.27 and a beta of 0.69. The firm has a 50-day simple moving average of $28.11 and a 200-day simple moving average of $27.41. Transportadora De Gas Sa Ord B has a 1 year low of $14.16 and a 1 year 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 firm also recently announced a -- dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were given a $0.9279 dividend. The ex-dividend date of this dividend was Monday, June 30th. Transportadora De Gas Sa Ord B's payout ratio is presently 37.05%.

Transportadora De Gas Sa Ord B Company 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.