Natixis Advisors L.P. Has $22.32 Million Position in Tenaris S.A. (NYSE:TS)

Natixis Advisors L.P. raised its position in shares of Tenaris S.A. (NYSE:TS - Free Report) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 642,049 shares of the industrial products company's stock after acquiring an additional 43,223 shares during the quarter. Natixis Advisors L.P. owned approximately 0.11% of Tenaris worth $22,317,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TS. Greenleaf Trust acquired a new stake in shares of Tenaris in the fourth quarter valued at approximately $210,000. West Family Investments Inc. acquired a new stake in Tenaris during the fourth quarter worth $218,000. Ballentine Partners LLC increased its stake in Tenaris by 8.0% during the fourth quarter. Ballentine Partners LLC now owns 8,089 shares of the industrial products company's stock worth $281,000 after acquiring an additional 600 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Tenaris by 19.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 9,946 shares of the industrial products company's stock worth $314,000 after acquiring an additional 1,643 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Tenaris during the third quarter worth $333,000. Institutional investors and hedge funds own 10.45% of the company's stock.

Analysts Set New Price Targets

TS has been the subject of several recent analyst reports. Bank of America initiated coverage on Tenaris in a research note on Tuesday, January 16th. They set a "neutral" rating for the company. Morgan Stanley lowered Tenaris from an "overweight" rating to an "underweight" rating and set a $40.00 price target for the company. in a research report on Thursday, April 18th. Finally, Piper Sandler lowered their price target on Tenaris from $49.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $41.60.

Tenaris Stock Performance

Shares of TS traded up $0.28 during midday trading on Monday, hitting $34.08. 1,611,327 shares of the stock were exchanged, compared to its average volume of 2,088,160. Tenaris S.A. has a 52-week low of $24.69 and a 52-week high of $40.72. The stock has a fifty day simple moving average of $37.77 and a 200 day simple moving average of $34.89. The firm has a market cap of $20.11 billion, a P/E ratio of 5.68, a P/E/G ratio of 2.59 and a beta of 1.51.

Tenaris (NYSE:TS - Get Free Report) last released its earnings results on Wednesday, February 21st. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.89. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.08 billion. Tenaris had a return on equity of 21.11% and a net margin of 24.89%. As a group, equities research analysts forecast that Tenaris S.A. will post 3.91 EPS for the current fiscal year.

Tenaris Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 22nd. Investors of record on Tuesday, May 21st will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, May 20th. This is a positive change from Tenaris's previous Semi-Annual dividend of $0.68. Tenaris's dividend payout ratio (DPR) is 13.33%.

Tenaris Company Profile

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.