Glen Point Capital LLP acquired a new position in shares of Transportadora de Gas del Sur SA ADR Class B (NYSE:TGS) in the second quarter, HoldingsChannel reports. The firm acquired 247,385 shares of the energy company’s stock, valued at approximately $3,003,000. Transportadora de Gas del Sur SA ADR Class B comprises 0.1% of Glen Point Capital LLP’s investment portfolio, making the stock its 8th largest position.

Other large investors also recently bought and sold shares of the company. Stevens Capital Management LP acquired a new stake in shares of Transportadora de Gas del Sur SA ADR Class B in the second quarter valued at about $126,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Transportadora de Gas del Sur SA ADR Class B in the second quarter valued at about $152,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Transportadora de Gas del Sur SA ADR Class B in the first quarter valued at about $221,000. Geode Capital Management LLC acquired a new stake in shares of Transportadora de Gas del Sur SA ADR Class B in the fourth quarter valued at about $304,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Transportadora de Gas del Sur SA ADR Class B in the second quarter valued at about $335,000. Institutional investors own 9.38% of the company’s stock.

A number of equities research analysts have recently commented on TGS shares. ValuEngine cut shares of Transportadora de Gas del Sur SA ADR Class B from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Santander upgraded shares of Transportadora de Gas del Sur SA ADR Class B from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Transportadora de Gas del Sur SA ADR Class B from a “sell” rating to a “hold” rating in a research report on Saturday, May 12th. Finally, TheStreet cut shares of Transportadora de Gas del Sur SA ADR Class B from a “b” rating to a “c+” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $20.50.

Shares of NYSE TGS opened at $11.05 on Friday. The stock has a market capitalization of $2.20 billion, a PE ratio of 10.43 and a beta of 1.34. The company has a quick ratio of 5.69, a current ratio of 5.83 and a debt-to-equity ratio of 2.03. Transportadora de Gas del Sur SA ADR Class B has a 52 week low of $10.72 and a 52 week high of $24.22.

The firm also recently announced an annual dividend, which was paid on Tuesday, August 21st. Stockholders of record on Tuesday, August 21st were given a $0.278 dividend. This represents a dividend yield of 1.9%. This is a boost from Transportadora de Gas del Sur SA ADR Class B’s previous annual dividend of $0.03. The ex-dividend date was Monday, August 20th. Transportadora de Gas del Sur SA ADR Class B’s dividend payout ratio is 24.30%.

About Transportadora de Gas del Sur SA ADR Class B

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation, Liquids Production and Commercialization, Other Services, and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, power plants, and industrial customers.

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Institutional Ownership by Quarter for Transportadora de Gas del Sur SA ADR Class B (NYSE:TGS)

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