Transportadora De Gas Sa Ord B $TGS Shares Sold by TT International Asset Management LTD

Key Points

• TT International Asset Management LTD reduced its stake in Transportadora De Gas Sa Ord B by 19.0%, now holding approximately $25.74 million, making it the 5th largest holding in their portfolio.
• Transportadora De Gas Sa Ord B recently announced a dividend of $0.9279 per share, with a payout ratio of 44.29%.
• Wall Street analysts have downgraded the stock from a "buy" to a "hold" rating, although the consensus rating remains a "buy" with a price target of $40.00.

TT International Asset Management LTD lessened its position in shares of Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) by 19.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 993,934 shares of the energy company's stock after selling 233,722 shares during the quarter. Transportadora De Gas Sa Ord B makes up about 4.8% of TT International Asset Management LTD's holdings, making the stock its 5th largest position. TT International Asset Management LTD owned about 0.66% of Transportadora De Gas Sa Ord B worth $25,743,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TGS. Janney Montgomery Scott LLC acquired a new position in Transportadora De Gas Sa Ord B in the 1st quarter valued at about $443,000. GAMMA Investing LLC raised 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 purchasing an additional 432 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Transportadora De Gas Sa Ord B in the 1st quarter valued at about $611,000. SG Americas Securities LLC acquired a new position in Transportadora De Gas Sa Ord B in the 1st quarter valued at about $740,000. Finally, Ping Capital Management Inc. raised its stake in Transportadora De Gas Sa Ord B by 39.7% in the 1st quarter. Ping Capital Management Inc. now owns 54,200 shares of the energy company's stock valued at $1,434,000 after purchasing an additional 15,400 shares during the last quarter. Institutional investors and hedge funds own 3.29% of the company's stock.

Transportadora De Gas Sa Ord B Trading Up 10.6%

Shares of NYSE TGS traded up $2.19 on Monday, reaching $22.79. 718,346 shares of the company traded hands, compared to its average volume of 707,575. Transportadora De Gas Sa Ord B has a fifty-two week low of $18.15 and a fifty-two week high of $34.37. The company has a 50 day moving average of $26.29 and a 200 day moving average of $26.83. The company has a current ratio of 3.35, a quick ratio of 3.31 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $3.43 billion, a PE ratio of 10.85 and a beta of 0.82.

Transportadora De Gas Sa Ord B Dividend Announcement

The business also recently disclosed a -- dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were paid a dividend of $0.9279 per share. 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

Separately, Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $40.00.

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.