Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Price Up 4.7% - Here's What Happened

Key Points

• Transportadora De Gas Sa Ord B's stock price increased by 4.7% recently, trading at $22.35 after closing at $21.34.
• Analysts have mixed ratings for TGS; while Citigroup has set a target price of $40.00 with a "buy" rating, Wall Street Zen has downgraded it to a "hold."
• The company recently announced a dividend of $0.9279 per share, with a payout ratio of 44.29%.

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) traded up 4.7% on Tuesday . The company traded as high as $22.77 and last traded at $22.35. 279,833 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 359,564 shares. The stock had previously closed at $21.34.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Citigroup increased 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 report on Monday, May 19th. Wall Street Zen downgraded Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $40.00.

Transportadora De Gas Sa Ord B Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 3.35 and a quick ratio of 3.31. The firm has a 50-day moving average of $26.86 and a 200-day moving average of $26.97. The stock has a market cap of $3.20 billion, a PE ratio of 10.11 and a beta of 0.82.

Transportadora De Gas Sa Ord B Dividend Announcement

The firm also recently announced a -- dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were given a dividend of $0.9279 per share. The ex-dividend date was Monday, June 30th. Transportadora De Gas Sa Ord B's dividend payout ratio (DPR) is currently 43.81%.

Institutional Trading of Transportadora De Gas Sa Ord B

Institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new position in Transportadora De Gas Sa Ord B during the 4th quarter valued at approximately $76,000. GAMMA Investing LLC grew its holdings in Transportadora De Gas Sa Ord B by 13.7% during the 1st quarter. GAMMA Investing LLC now owns 3,582 shares of the energy company's stock valued at $95,000 after buying an additional 432 shares in the last quarter. Insigneo Advisory Services LLC grew its holdings in Transportadora De Gas Sa Ord B by 55.2% during the 1st quarter. Insigneo Advisory Services LLC now owns 11,442 shares of the energy company's stock valued at $303,000 after buying an additional 4,071 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Transportadora De Gas Sa Ord B by 28.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company's stock valued at $322,000 after buying an additional 2,725 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Transportadora De Gas Sa Ord B by 339.0% during the 4th quarter. Bank of America Corp DE now owns 14,585 shares of the energy company's stock valued at $427,000 after buying an additional 11,263 shares in the last quarter. Hedge funds and other institutional investors 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.