Transportadora De Gas Sa Ord B $TGS Holdings Lifted by Van Lanschot Kempen Investment Management N.V.

Key Points

• Van Lanschot Kempen Investment Management N.V. significantly increased its stake in Transportadora De Gas Sa Ord B by 241.6%, acquiring an additional 81,629 shares, bringing its total to 115,420 shares valued at approximately $3,054,000.
• Other institutional investors have also been active, with MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raising its stake by 67.1%, while several others established new positions in the company during recent quarters.
• Analysts have set a consensus price target of $40.00 for Transportadora De Gas Sa Ord B, with ratings varying from "buy" to "hold" among different research firms.

Van Lanschot Kempen Investment Management N.V. raised its position in shares of Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) by 241.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,420 shares of the energy company's stock after buying an additional 81,629 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned about 0.08% of Transportadora De Gas Sa Ord B worth $3,054,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TGS. NewEdge Advisors LLC raised its stake in Transportadora De Gas Sa Ord B by 1,493.8% during 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. Hood River Capital Management LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B during the 4th quarter worth approximately $644,000. Aquatic Capital Management LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B during the 4th quarter worth approximately $400,000. Jane Street Group LLC increased its position in Transportadora De Gas Sa Ord B by 101.7% in the 4th quarter. Jane Street Group LLC now owns 52,921 shares of the energy company's stock valued at $1,549,000 after acquiring an additional 26,684 shares during the period. Finally, Bank of America Corp DE increased its position in Transportadora De Gas Sa Ord B by 339.0% in the 4th quarter. Bank of America Corp DE now owns 14,585 shares of the energy company's stock valued at $427,000 after acquiring an additional 11,263 shares during the period. Institutional investors and hedge funds own 3.29% of the company's stock.

Analyst Ratings Changes

TGS has been the topic of several analyst reports. Santander upgraded Transportadora De Gas Sa Ord B to an "outperform" rating in a research report on Wednesday, May 14th. Wall Street Zen cut Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Citigroup raised their target price on 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, the stock presently has an average rating of "Buy" and an average price target of $40.00.

Transportadora De Gas Sa Ord B Price Performance

Shares of TGS stock traded down $1.1650 during mid-day trading on Monday, hitting $26.7050. 217,154 shares of the stock traded hands, compared to its average volume of 337,715. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 12.74 and a beta of 0.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.31 and a current ratio of 3.35. The company's 50-day simple moving average is $27.48 and its 200-day simple moving average is $27.15. Transportadora De Gas Sa Ord B has a twelve month low of $18.15 and a twelve month 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 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 (DPR) is currently 43.81%.

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.