TT International Asset Management LTD Increases Position in Transportadora De Gas Sa Ord B (NYSE:TGS)

TT International Asset Management LTD boosted its stake in shares of Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) by 3.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,227,656 shares of the energy company's stock after purchasing an additional 37,083 shares during the period. Transportadora De Gas Sa Ord B makes up approximately 4.7% of TT International Asset Management LTD's portfolio, making the stock its 8th biggest holding. TT International Asset Management LTD owned approximately 0.82% of Transportadora De Gas Sa Ord B worth $32,484,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TGS. William Blair Investment Management LLC purchased a new stake in Transportadora De Gas Sa Ord B during the fourth quarter worth approximately $5,246,000. Arrowstreet Capital Limited Partnership purchased a new position in Transportadora De Gas Sa Ord B in the fourth quarter valued at about $2,805,000. Jump Financial LLC lifted its stake in shares of Transportadora De Gas Sa Ord B by 53.1% during the fourth quarter. Jump Financial LLC now owns 42,271 shares of the energy company's stock worth $1,237,000 after purchasing an additional 14,654 shares in the last quarter. Insigneo Advisory Services LLC acquired a new position in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth about $216,000. Finally, NewEdge Advisors LLC boosted its position 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 worth $277,000 after buying an additional 8,858 shares during the period. 3.29% of the stock is currently owned by institutional investors and hedge funds.

Transportadora De Gas Sa Ord B Stock Up 2.7%

Shares of Transportadora De Gas Sa Ord B stock traded up $0.74 on Tuesday, hitting $27.59. 287,448 shares of the company's stock traded hands, compared to its average volume of 262,197. The stock has a market cap of $4.15 billion, a P/E ratio of 10.99 and a beta of 0.72. The firm's 50-day moving average is $28.08 and its 200 day moving average is $27.78. The company has a quick ratio of 2.94, a current ratio of 2.97 and a debt-to-equity ratio of 0.21. Transportadora De Gas Sa Ord B has a 52-week low of $14.16 and a 52-week high of $34.37.

Transportadora De Gas Sa Ord B Dividend Announcement

The company also recently announced a -- dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.9279 per share. The ex-dividend date is Monday, June 30th.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wall Street Zen lowered Transportadora De Gas Sa Ord B from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 12th. Santander upgraded shares of Transportadora De Gas Sa Ord B to an "outperform" rating in a research note on Wednesday, May 14th. Finally, Citigroup lifted their price target 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 note on Monday, May 19th.

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.