Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Up 5.9% - Here's What Happened

Key Points

• Transportadora De Gas Sa Ord B (NYSE:TGS) saw its stock price increase by 5.9%, closing at $29.45 after trading as high as $29.44.
• Analyst ratings varied, with Santander upgrading TGS to "outperform," while Wall Street Zen downgraded it to "hold"; Citigroup set a new price target of $40.00 with a "buy" rating.
• The company recently announced a dividend of $0.9279 per share, highlighting a dividend payout ratio of 37.05%.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) traded up 5.9% during mid-day trading on Tuesday . The stock traded as high as $29.44 and last traded at $29.45. 76,950 shares were traded during mid-day trading, a decline of 77% from the average session volume of 336,254 shares. The stock had previously closed at $27.82.

Wall Street Analyst Weigh In

TGS has been the subject of a number of research reports. Santander raised shares of Transportadora De Gas Sa Ord B to an "outperform" rating in a research note on Wednesday, May 14th. Wall Street Zen cut shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Citigroup boosted their target price on shares of Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Monday, May 19th.

Transportadora De Gas Sa Ord B Stock Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.94 and a current ratio of 2.97. The firm's 50 day simple moving average is $27.51 and its 200-day simple moving average is $27.18. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 11.26 and a beta of 0.71.

Transportadora De Gas Sa Ord B Announces Dividend

The firm also recently announced a -- dividend, which was paid on Tuesday, July 8th. Shareholders 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 37.05%.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new stake in Transportadora De Gas Sa Ord B during the 1st quarter worth $443,000. GAMMA Investing LLC boosted its stake 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 worth $95,000 after purchasing an additional 432 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Transportadora De Gas Sa Ord B during the 4th quarter worth $2,805,000. TT International Asset Management LTD boosted its stake in Transportadora De Gas Sa Ord B by 3.1% during the 1st quarter. TT International Asset Management LTD now owns 1,227,656 shares of the energy company's stock worth $32,484,000 after purchasing 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 during the 1st quarter worth $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.