Transportadora de Gas del Sur SA ADR (NYSE:TGS) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in Transportadora de Gas del Sur SA ADR (NYSE:TGS) by 11.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 278,832 shares of the energy company’s stock after selling 36,284 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Transportadora de Gas del Sur were worth $2,367,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TGS. Gulf International Bank UK Ltd purchased a new stake in shares of Transportadora de Gas del Sur during the 2nd quarter valued at approximately $43,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Transportadora de Gas del Sur during the 2nd quarter valued at approximately $533,000. SG Americas Securities LLC purchased a new stake in shares of Transportadora de Gas del Sur during the 2nd quarter valued at approximately $1,036,000. BP PLC purchased a new stake in shares of Transportadora de Gas del Sur during the 2nd quarter valued at approximately $204,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Transportadora de Gas del Sur during the 2nd quarter valued at approximately $343,000. Institutional investors own 10.59% of the company’s stock.

Shares of TGS stock traded down $0.39 during trading on Wednesday, reaching $6.24. 774,100 shares of the company’s stock traded hands, compared to its average volume of 484,001. The company has a market capitalization of $1.08 billion, a P/E ratio of 3.32 and a beta of 0.86. The company has a current ratio of 2.72, a quick ratio of 2.62 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average is $7.98 and its 200 day moving average is $11.15. Transportadora de Gas del Sur SA ADR has a 1 year low of $6.05 and a 1 year high of $17.00.

Transportadora de Gas del Sur (NYSE:TGS) last announced its quarterly earnings results on Friday, August 16th. The energy company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. Transportadora de Gas del Sur had a net margin of 39.59% and a return on equity of 40.37%. The company had revenue of $230.99 million for the quarter. As a group, sell-side analysts predict that Transportadora de Gas del Sur SA ADR will post 0.29 earnings per share for the current fiscal year.

TGS has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Transportadora de Gas del Sur from a “buy” rating to a “hold” rating in a research note on Saturday, October 19th. TheStreet cut shares of Transportadora de Gas del Sur from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. ValuEngine upgraded shares of Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Morgan Stanley cut shares of Transportadora de Gas del Sur from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $9.25.

Transportadora de Gas del Sur Profile

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 (NYSE:TGS)

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