Transportadora De Gas Sa Ord B $TGS Stock Position Lowered by VR Advisory Services Ltd

Key Points

• VR Advisory Services Ltd reduced its holdings in Transportadora De Gas Sa Ord B by 31.1% during the first quarter, now owning 432,458 shares worth approximately $11.4 million.
• The stock recently received mixed analyst ratings, with Wall Street Zen lowering it from "buy" to "hold," while Citigroup raised the price target from $35.00 to $40.00 and maintained a "buy" rating.
• Transportadora De Gas Sa Ord B pays a dividend of $0.9279 per share, with a dividend payout ratio of 44.29%, reflecting its financial commitment to shareholders.

VR Advisory Services Ltd cut its holdings in Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) by 31.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 432,458 shares of the energy company's stock after selling 195,406 shares during the period. Transportadora De Gas Sa Ord B accounts for 3.0% of VR Advisory Services Ltd's investment portfolio, making the stock its 7th biggest position. VR Advisory Services Ltd owned approximately 0.29% of Transportadora De Gas Sa Ord B worth $11,443,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Point72 Asset Management L.P. purchased a new position in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at $76,000. GAMMA Investing LLC boosted 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 worth $95,000 after purchasing an additional 432 shares during the period. Insigneo Advisory Services LLC boosted its stake in Transportadora De Gas Sa Ord B by 55.2% in the 1st quarter. Insigneo Advisory Services LLC now owns 11,442 shares of the energy company's stock worth $303,000 after purchasing an additional 4,071 shares during the period. Bank of America Corp DE grew its holdings in Transportadora De Gas Sa Ord B by 339.0% during the 4th quarter. Bank of America Corp DE now owns 14,585 shares of the energy company's stock valued at $427,000 after buying an additional 11,263 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Transportadora De Gas Sa Ord B during the first quarter valued at about $443,000. 3.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

TGS has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Santander upgraded shares of Transportadora De Gas Sa Ord B to an "outperform" rating in a research note on Wednesday, May 14th. Finally, Citigroup boosted their price target 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 report on Monday, May 19th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Transportadora De Gas Sa Ord B currently has a consensus rating of "Buy" and a consensus target price of $40.00.

Transportadora De Gas Sa Ord B Stock Down 1.0%

TGS stock opened at $27.21 on Monday. The company's 50 day moving average is $27.37 and its 200 day moving average is $27.16. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 12.96 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.

Transportadora De Gas Sa Ord B Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were given 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 (DPR) is 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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