Allianz Asset Management GmbH Purchases 3,507 Shares of Transportadora De Gas Sa Ord B (NYSE:TGS)

Allianz Asset Management GmbH increased its holdings in Transportadora De Gas Sa Ord B (NYSE:TGS) by 14.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,923 shares of the energy company’s stock after acquiring an additional 3,507 shares during the period. Allianz Asset Management GmbH’s holdings in Transportadora De Gas Sa Ord B were worth $739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TGS. Point72 Asset Management L.P. purchased a new stake in shares of Transportadora De Gas Sa Ord B during the 4th quarter valued at $76,000. GAMMA Investing LLC raised its position in shares of Transportadora De Gas Sa Ord B by 13.7% in the first quarter. GAMMA Investing LLC now owns 3,582 shares of the energy company’s stock valued at $95,000 after purchasing an additional 432 shares during the period. Insigneo Advisory Services LLC bought a new stake in Transportadora De Gas Sa Ord B during the 4th quarter valued at $216,000. NewEdge Advisors LLC lifted its position in shares of Transportadora De Gas Sa Ord B by 1,493.8% during the fourth quarter. NewEdge Advisors LLC now owns 9,451 shares of the energy company’s stock worth $277,000 after acquiring an additional 8,858 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of Transportadora De Gas Sa Ord B in the fourth quarter worth $400,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on TGS shares. Citigroup boosted their price objective on Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, May 19th. Santander raised Transportadora De Gas Sa Ord B to an “outperform” rating in a report on Wednesday, May 14th. Finally, Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Saturday, July 26th.

Transportadora De Gas Sa Ord B Stock Performance

NYSE TGS opened at $28.27 on Friday. The company’s 50 day simple moving average is $27.51 and its two-hundred day simple moving average is $27.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.97 and a quick ratio of 2.94. Transportadora De Gas Sa Ord B has a 1 year low of $14.16 and a 1 year high of $34.37. The stock has a market capitalization of $4.26 billion, a PE ratio of 11.26 and a beta of 0.71.

Transportadora De Gas Sa Ord B Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were given a $0.9279 dividend. The ex-dividend date was Monday, June 30th. Transportadora De Gas Sa Ord B’s dividend payout ratio (DPR) is 37.05%.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.