Moneda S.A. Administradora General de Fondos Buys Shares of 162,551 Transportadora De Gas Sa Ord B $TGS

Moneda S.A. Administradora General de Fondos acquired a new stake in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 162,551 shares of the energy company’s stock, valued at approximately $3,418,000. Transportadora De Gas Sa Ord B makes up 4.0% of Moneda S.A. Administradora General de Fondos’ investment portfolio, making the stock its 8th largest position. Moneda S.A. Administradora General de Fondos owned approximately 0.11% of Transportadora De Gas Sa Ord B at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TGS. Millennium Management LLC lifted its stake in Transportadora De Gas Sa Ord B by 787.5% in the first quarter. Millennium Management LLC now owns 143,919 shares of the energy company’s stock valued at $3,808,000 after buying an additional 127,702 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of 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 worth $322,000 after acquiring an additional 2,725 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Transportadora De Gas Sa Ord B by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock worth $2,954,000 after acquiring an additional 4,347 shares during the period. Insigneo Advisory Services LLC raised its holdings in shares of Transportadora De Gas Sa Ord B by 84.7% during the second quarter. Insigneo Advisory Services LLC now owns 21,129 shares of the energy company’s stock worth $547,000 after acquiring an additional 9,687 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in Transportadora De Gas Sa Ord B in the 2nd quarter valued at $706,000. 3.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Zacks Research lowered shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Transportadora De Gas Sa Ord B Price Performance

Shares of NYSE TGS opened at $32.39 on Thursday. The company has a quick ratio of 3.67, a current ratio of 3.72 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average price is $30.17 and its two-hundred day moving average price is $28.21. The company has a market cap of $4.88 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 1.37 and a beta of 0.84. Transportadora De Gas Sa Ord B has a twelve month low of $19.74 and a twelve month high of $34.10.

About Transportadora De Gas Sa Ord B

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.