Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Price Down 4.3% - Here's What Happened

Key Points

• Transportadora De Gas Sa Ord B experienced a 4.3% decline in its stock price, trading as low as $21.12, with a significant decrease in trading volume (81% lower than average).
• Analysts have downgraded the stock's rating from "buy" to "hold"**, while it maintains a consensus rating of "Buy" with an average price target of $40.00.
• The company recently announced a dividend payout of $0.9279, with a dividend payout ratio of 44.29% as of June 30th.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) shares fell 4.3% on Thursday . The stock traded as low as $21.30 and last traded at $21.12. 71,516 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 371,795 shares. The stock had previously closed at $22.06.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Transportadora De Gas Sa Ord B has an average rating of "Buy" and a consensus price target of $40.00.

Transportadora De Gas Sa Ord B Trading Up 10.6%

The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 10.85 and a beta of 0.82. The business's fifty day moving average is $26.34 and its 200 day moving average is $26.85. The company has a quick ratio of 3.31, a current ratio of 3.35 and a debt-to-equity ratio of 0.23.

Transportadora De Gas Sa Ord B Announces Dividend

The company also recently declared a -- dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were issued a $0.9279 dividend. The ex-dividend date was Monday, June 30th. Transportadora De Gas Sa Ord B's payout ratio is 43.81%.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

A number of hedge funds and other institutional investors have recently bought and sold shares of TGS. Point72 Asset Management L.P. bought a new stake in Transportadora De Gas Sa Ord B in the 4th quarter valued at approximately $76,000. GAMMA Investing LLC raised its holdings in shares of Transportadora De Gas Sa Ord B by 13.7% in the first 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. Insigneo Advisory Services LLC lifted its position in shares of Transportadora De Gas Sa Ord B by 55.2% in the first quarter. Insigneo Advisory Services LLC now owns 11,442 shares of the energy company's stock worth $303,000 after purchasing an additional 4,071 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Transportadora De Gas Sa Ord B by 28.8% in the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company's stock worth $322,000 after purchasing an additional 2,725 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Transportadora De Gas Sa Ord B by 339.0% during the fourth quarter. Bank of America Corp DE now owns 14,585 shares of the energy company's stock worth $427,000 after purchasing an additional 11,263 shares during the last quarter. Institutional investors and hedge funds own 3.29% of the company's stock.

About Transportadora De Gas Sa Ord B

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.