Ping Capital Management Inc. Buys 15,400 Shares of Transportadora De Gas Sa Ord B (NYSE:TGS)

Ping Capital Management Inc. increased its stake 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 13F 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 period. Transportadora De Gas Sa Ord B accounts for approximately 0.5% of Ping Capital Management Inc.'s holdings, 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new stake in Transportadora De Gas Sa Ord B during the 4th quarter worth approximately $76,000. GAMMA Investing LLC grew its stake in shares of 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 valued at $95,000 after buying an additional 432 shares in the last quarter. Insigneo Advisory Services LLC bought a new position in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at $216,000. NewEdge Advisors LLC grew its stake 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 buying an additional 8,858 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at $400,000. Institutional investors and hedge funds own 3.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup raised 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 raised 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 Stock Performance

Transportadora De Gas Sa Ord B stock traded down $0.02 during mid-day trading on Friday, hitting $26.03. 176,853 shares of the company's stock traded hands, compared to its average volume of 279,522. The firm has a 50 day simple moving average of $28.11 and a two-hundred day simple moving average of $27.46. Transportadora De Gas Sa Ord B has a fifty-two week low of $14.16 and a fifty-two week high of $34.37. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 10.37 and a beta of 0.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.97 and a quick ratio of 2.94.

Transportadora De Gas Sa Ord B Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Tuesday, July 8th. Shareholders 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 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.