Transportadora De Gas Sa Ord B (NYSE:TGS) Downgraded by Wall Street Zen to "Hold"

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

Several other equities analysts have also recently commented on the company. Citigroup boosted their target price on Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Santander raised Transportadora De Gas Sa Ord B to an "outperform" rating in a report on Wednesday, May 14th.

Transportadora De Gas Sa Ord B Price Performance

Shares of TGS stock traded up $1.51 during trading hours on Friday, reaching $27.86. The stock had a trading volume of 357,434 shares, compared to its average volume of 272,994. The stock's fifty day simple moving average is $28.13 and its 200 day simple moving average is $27.62. The firm has a market capitalization of $4.19 billion, a PE ratio of 11.10 and a beta of 0.69. Transportadora De Gas Sa Ord B has a 12 month low of $14.16 and a 12 month high of $34.37. 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 Dividend Announcement

The business also recently disclosed a -- dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.9279 per share. The ex-dividend date of this dividend is Monday, June 30th. Transportadora De Gas Sa Ord B's dividend payout ratio is currently 37.05%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Transportadora De Gas Sa Ord B by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,490,547 shares of the energy company's stock worth $39,440,000 after purchasing an additional 36,023 shares during the last quarter. TT International Asset Management LTD raised its holdings in shares of 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 valued at $32,484,000 after buying an additional 37,083 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Transportadora De Gas Sa Ord B during the 4th quarter valued at about $9,812,000. Fourth Sail Capital LP bought a new stake in Transportadora De Gas Sa Ord B in the 1st quarter worth approximately $4,887,000. Finally, William Blair Investment Management LLC purchased a new stake in Transportadora De Gas Sa Ord B in the fourth quarter worth approximately $5,246,000. Institutional investors 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.