SPX Gestao de Recursos Ltda Sells 258,777 Shares of Transportadora De Gas Sa Ord B $TGS

SPX Gestao de Recursos Ltda lessened its stake in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) by 30.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 578,365 shares of the energy company’s stock after selling 258,777 shares during the quarter. Transportadora De Gas Sa Ord B comprises approximately 1.0% of SPX Gestao de Recursos Ltda’s holdings, making the stock its 24th largest position. SPX Gestao de Recursos Ltda’s holdings in Transportadora De Gas Sa Ord B were worth $12,163,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Helikon Investments Ltd acquired a new stake in Transportadora De Gas Sa Ord B in the 3rd quarter worth approximately $60,929,000. Encompass Capital Advisors LLC bought a new position in shares of Transportadora De Gas Sa Ord B in the second quarter valued at approximately $25,900,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Transportadora De Gas Sa Ord B by 9.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock worth $42,154,000 after buying an additional 137,032 shares during the last quarter. Millennium Management LLC lifted its stake in shares of 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 worth $3,808,000 after buying an additional 127,702 shares during the last quarter. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Transportadora De Gas Sa Ord B during the 2nd quarter worth $2,141,000. 3.29% of the stock is owned by institutional investors.

Transportadora De Gas Sa Ord B Trading Up 1.4%

Shares of Transportadora De Gas Sa Ord B stock opened at $28.97 on Friday. The company’s fifty day simple moving average is $30.12 and its 200-day simple moving average is $28.00. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.20 and a beta of 0.84. The company has a current ratio of 3.72, a quick ratio of 3.67 and a debt-to-equity ratio of 0.24. Transportadora De Gas Sa Ord B has a 1 year low of $19.74 and a 1 year high of $34.10.

Wall Street Analyst Weigh In

TGS has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Zacks Research cut shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Finally, Wall Street Zen raised Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research report on Saturday. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.50.

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.