VR Advisory Services Ltd Trims Stock Holdings in Transportadora De Gas Sa Ord B $TGS

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

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cubist Systematic Strategies LLC raised its position in shares of Transportadora De Gas Sa Ord B by 66.9% in the 1st quarter. Cubist Systematic Strategies LLC now owns 57,609 shares of the energy company's stock valued at $1,524,000 after buying an additional 23,094 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Transportadora De Gas Sa Ord B during the 1st quarter worth approximately $2,341,000. Van Lanschot Kempen Investment Management N.V. increased its position in Transportadora De Gas Sa Ord B by 241.6% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 115,420 shares of the energy company's stock worth $3,054,000 after purchasing an additional 81,629 shares in the last quarter. Quantbot Technologies LP acquired a new position in Transportadora De Gas Sa Ord B during the 1st quarter worth approximately $656,000. Finally, Fourth Sail Capital LP acquired a new position in Transportadora De Gas Sa Ord B during the 1st quarter worth approximately $4,887,000. 3.29% of the stock is currently owned by institutional investors and hedge funds.

Transportadora De Gas Sa Ord B Trading Down 0.5%

NYSE TGS traded down $0.14 on Friday, hitting $26.41. The company's stock had a trading volume of 522,826 shares, compared to its average volume of 413,065. The company has a quick ratio of 3.31, a current ratio of 3.35 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. The company's 50-day moving average is $27.30 and its 200 day moving average is $27.13. The firm has a market cap of $3.98 billion, a PE ratio of 12.58 and a beta of 0.82.

Transportadora De Gas Sa Ord B Announces Dividend

The company also recently disclosed a -- dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were paid a $0.9279 dividend. The ex-dividend date of this dividend was Monday, June 30th. Transportadora De Gas Sa Ord B's dividend payout ratio is currently 44.29%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TGS. Wall Street Zen cut 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 report on Wednesday, May 14th. Finally, Citigroup upped their price objective on shares of Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $40.00.

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.