Banco BTG Pactual S.A. Cuts Position in Transportadora De Gas Sa Ord B $TGS

Banco BTG Pactual S.A. lessened its position in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) by 47.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,060 shares of the energy company’s stock after selling 94,954 shares during the quarter. Banco BTG Pactual S.A.’s holdings in Transportadora De Gas Sa Ord B were worth $3,297,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TGS. Helikon Investments Ltd purchased a new position in Transportadora De Gas Sa Ord B during the 3rd quarter valued at approximately $60,929,000. Fundamenta Capital S.A. purchased a new position in Transportadora De Gas Sa Ord B during the 4th quarter valued at approximately $18,565,000. Moneda S.A. Administradora General de Fondos purchased a new position in Transportadora De Gas Sa Ord B during the 3rd quarter valued at approximately $3,418,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Transportadora De Gas Sa Ord B by 9.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock valued at $42,154,000 after buying an additional 137,032 shares in the last quarter. Finally, UBS Group AG grew its holdings in Transportadora De Gas Sa Ord B by 2,997.4% during the 3rd quarter. UBS Group AG now owns 135,637 shares of the energy company’s stock valued at $2,852,000 after buying an additional 131,258 shares in the last quarter. Hedge funds and other institutional investors own 3.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TGS. Zacks Research upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Bank of America restated a “buy” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Transportadora De Gas Sa Ord B presently has an average rating of “Buy” and a consensus price target of $39.00.

Transportadora De Gas Sa Ord B Trading Up 7.7%

TGS opened at $33.08 on Friday. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.07 and a beta of 0.61. The company has a current ratio of 5.11, a quick ratio of 5.08 and a debt-to-equity ratio of 0.39. Transportadora De Gas Sa Ord B has a 12 month low of $19.74 and a 12 month high of $36.35. The stock has a fifty day moving average price of $31.08 and a 200-day moving average price of $30.91.

Transportadora De Gas Sa Ord B (NYSE:TGS) last released its quarterly earnings results on Saturday, February 14th. The energy company reported $0.57 EPS for the quarter. The firm had revenue of $326.20 million during the quarter. Transportadora De Gas Sa Ord B had a return on equity of 14.03% and a net margin of 24.56%. As a group, equities research analysts anticipate that Transportadora De Gas Sa Ord B will post 2.78 earnings per share for the current fiscal year.

Transportadora De Gas Sa Ord B 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.