Systrade AG Buys Shares of 25,000 Transportadora De Gas Sa Ord B $TGS

Systrade AG purchased a new stake in Transportadora De Gas Sa Ord B (NYSE:TGS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 25,000 shares of the energy company’s stock, valued at approximately $743,000. Transportadora De Gas Sa Ord B makes up about 0.5% of Systrade AG’s investment portfolio, making the stock its 12th largest holding.

Other large investors have also modified their holdings of the company. Millennium Management LLC boosted its stake in shares of Transportadora De Gas Sa Ord B by 787.5% during the first quarter. Millennium Management LLC now owns 143,919 shares of the energy company’s stock valued at $3,808,000 after acquiring an additional 127,702 shares during the last quarter. NewEdge Advisors LLC raised its stake in Transportadora De Gas Sa Ord B by 28.8% in the 1st 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 during the last quarter. JPMorgan Chase & Co. raised its stake in Transportadora De Gas Sa Ord B by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock valued at $2,954,000 after purchasing an additional 4,347 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Transportadora De Gas Sa Ord B by 11.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 182,354 shares of the energy company’s stock valued at $4,723,000 after purchasing an additional 18,009 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in Transportadora De Gas Sa Ord B by 22.4% in the 2nd quarter. Marshall Wace LLP now owns 117,680 shares of the energy company’s stock valued at $3,048,000 after purchasing an additional 21,520 shares in the last quarter. 3.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 18th. Bank of America reissued a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 11th. Wall Street Zen upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Zacks Research lowered Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Transportadora De Gas Sa Ord B has an average rating of “Hold” and an average price target of $39.00.

Transportadora De Gas Sa Ord B Price Performance

Shares of TGS stock opened at $29.45 on Thursday. The firm has a market cap of $4.43 billion, a P/E ratio of 13.32, a P/E/G ratio of 0.56 and a beta of 0.63. The company has a debt-to-equity ratio of 0.39, a current ratio of 5.11 and a quick ratio of 5.08. Transportadora De Gas Sa Ord B has a 1-year low of $19.74 and a 1-year high of $36.35. The firm has a fifty day moving average of $30.51 and a two-hundred day moving average of $30.82.

Transportadora De Gas Sa Ord B Company Profile

Transportadora de Gas del Sur SA (NYSE:TGS) is an Argentina‐based midstream energy company principally engaged in the transportation, storage and processing of natural gas. Established in 1992 following the privatization of the state‐owned gas utility, TGS operates one of the country’s largest pipeline networks, carrying gas from production basins in the Neuquén and Golfo San Jorge regions to major consumption markets in Buenos Aires and beyond. The company’s infrastructure supports both domestic supply and export volumes bound for neighboring countries.

In addition to its core pipeline business, TGS maintains a significant gas processing division that extracts natural gas liquids (NGL) and produces liquefied petroleum gas (LPG) and other by‐products.