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

Moneda S.A. Administradora General de Fondos bought a new position in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) in the third quarter, HoldingsChannel reports. The institutional investor bought 162,551 shares of the energy company’s stock, valued at approximately $3,418,000. Transportadora De Gas Sa Ord B makes up about 4.0% of Moneda S.A. Administradora General de Fondos’ holdings, making the stock its 8th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of TGS. BNP Paribas Financial Markets raised its holdings in Transportadora De Gas Sa Ord B by 1,027.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock valued at $176,000 after acquiring an additional 7,646 shares during the period. NewEdge Advisors LLC boosted its holdings 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 during the period. Insigneo Advisory Services LLC grew its position in shares of Transportadora De Gas Sa Ord B by 84.7% in the second quarter. Insigneo Advisory Services LLC now owns 21,129 shares of the energy company’s stock valued at $547,000 after purchasing an additional 9,687 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Transportadora De Gas Sa Ord B in the second quarter valued at approximately $706,000. Finally, Banco BTG Pactual S.A. bought a new position in shares of Transportadora De Gas Sa Ord B during the second quarter worth approximately $2,141,000. Institutional investors own 3.29% of the company’s stock.

Transportadora De Gas Sa Ord B Stock Up 2.0%

Shares of TGS opened at $32.39 on Thursday. Transportadora De Gas Sa Ord B has a 12 month low of $19.74 and a 12 month high of $34.10. The firm’s 50 day moving average is $30.17 and its 200-day moving average is $28.21. The stock has a market capitalization of $4.88 billion, a PE ratio of 14.14, a P/E/G ratio of 1.37 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.

Analyst Upgrades and Downgrades

TGS has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Wall Street Zen cut Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Zacks Research downgraded Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

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.