Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Down 4.9% - What's Next?

Key Points

• Transportadora De Gas Sa Ord B's share price declined by 4.9% to $21.50 amidst a significant decrease in trading volume.
• Analysts have mixed ratings on the stock, with Citigroup raising the target price to $40.00 and a downgrade from Wall Street Zen to a "hold."
• The company declared a dividend of $0.9279 per share, with a payout ratio of 44.29%.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) traded down 4.9% during trading on Friday . The company traded as low as $21.62 and last traded at $21.50. 72,972 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 366,274 shares. The stock had previously closed at $22.61.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded 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 research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $40.00.

Transportadora De Gas Sa Ord B Price Performance

The firm has a market capitalization of $3.32 billion, a PE ratio of 10.50 and a beta of 0.82. 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 business's 50 day moving average is $26.64 and its two-hundred day moving average is $26.92.

Transportadora De Gas Sa Ord B Dividend Announcement

The business also recently announced a -- dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were given a $0.9279 dividend. The ex-dividend date of this dividend was Monday, June 30th. Transportadora De Gas Sa Ord B's dividend payout ratio (DPR) is currently 44.29%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of 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 acquiring an additional 432 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Transportadora De Gas Sa Ord B in the 4th quarter worth $76,000. NewEdge Advisors LLC lifted its position in Transportadora De Gas Sa Ord B by 28.8% during the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company's stock valued at $322,000 after purchasing an additional 2,725 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Transportadora De Gas Sa Ord B by 14.4% during the first quarter. Allianz Asset Management GmbH now owns 27,923 shares of the energy company's stock valued at $739,000 after purchasing an additional 3,507 shares during the period. Finally, ABS Direct Equity Fund LLC increased its position in Transportadora De Gas Sa Ord B by 5.9% in the first quarter. ABS Direct Equity Fund LLC now owns 63,200 shares of the energy company's stock worth $1,672,000 after buying an additional 3,531 shares in the last quarter. Hedge funds and other 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.