Transportadora De Gas Sa Ord B (NYSE:TGS) Cut to Hold at Wall Street Zen

Key Points

• Transportadora De Gas Sa Ord B (NYSE:TGS) has been downgraded from a "buy" rating to a "hold" rating by analysts at Wall Street Zen.
• Despite the downgrade, the stock has recently shown a trading increase of 2.5%, with a current price of $27.67.
• Institutional investors have been active in trading the stock, with significant increases in holdings from firms such as Millennium Management LLC, which raised its stake by 787.5%.

Wall Street Zen cut shares of Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) from a buy rating to a hold rating in a research note published on Saturday.

Several other equities analysts have also issued reports on the stock. Santander raised shares of Transportadora De Gas Sa Ord B to an "outperform" rating in a report on Wednesday, May 14th. 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 report on Monday, May 19th.

Transportadora De Gas Sa Ord B Trading Up 7.9%

Shares of Transportadora De Gas Sa Ord B stock traded up $2.21 on Friday, hitting $30.03. 739,083 shares of the company traded hands, compared to its average volume of 333,640. The stock's 50 day moving average price is $27.66 and its 200-day moving average price is $27.16. The company has a current ratio of 2.97, a quick ratio of 2.94 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. The company has a market cap of $4.52 billion, a PE ratio of 11.96 and a beta of 0.69.

Transportadora De Gas Sa Ord B Announces Dividend

The company also recently announced 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 payout ratio is currently 37.05%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new position in shares of Transportadora De Gas Sa Ord B during the 1st quarter worth about $443,000. GAMMA Investing LLC raised its holdings 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 acquiring an additional 432 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Transportadora De Gas Sa Ord B in the 4th quarter valued at about $2,805,000. TT International Asset Management LTD raised its holdings in Transportadora De Gas Sa Ord B by 3.1% in the 1st quarter. TT International Asset Management LTD now owns 1,227,656 shares of the energy company's stock valued at $32,484,000 after acquiring an additional 37,083 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in Transportadora De Gas Sa Ord B in the 1st quarter valued at about $611,000. Institutional investors and hedge funds own 3.29% of the company's stock.

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.