31,147 Shares in Transportadora De Gas Sa Ord B $TGS Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC bought a new position in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) during the second quarter, Holdings Channel reports. The fund bought 31,147 shares of the energy company’s stock, valued at approximately $926,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fifth Third Bancorp boosted its position in shares of Transportadora De Gas Sa Ord B by 116.0% in the 1st quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock valued at $57,000 after purchasing an additional 890 shares during the period. Van ECK Associates Corp raised its holdings in Transportadora De Gas Sa Ord B by 536.6% during the 4th quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock worth $135,000 after buying an additional 3,665 shares during the period. BNP Paribas Financial Markets raised its holdings in Transportadora De Gas Sa Ord B by 1,027.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock worth $176,000 after buying an additional 7,646 shares during the period. Uniplan Investment Counsel Inc. purchased a new stake in Transportadora De Gas Sa Ord B during the fourth quarter valued at about $205,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Transportadora De Gas Sa Ord B during the first quarter valued at about $210,000. 3.29% of the stock is owned by institutional investors and hedge funds.

Transportadora De Gas Sa Ord B Stock Performance

Shares of TGS stock opened at $29.18 on Friday. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 0.61 and a beta of 0.63. Transportadora De Gas Sa Ord B has a 1-year low of $19.74 and a 1-year high of $36.35. The company has a current ratio of 5.11, a quick ratio of 5.08 and a debt-to-equity ratio of 0.39. The stock’s fifty day simple moving average is $30.48 and its 200-day simple moving average is $30.82.

Wall Street Analyst Weigh In

Several research analysts have commented on TGS shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 18th. Wall Street Zen upgraded shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Zacks Research downgraded shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Bank of America reaffirmed a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 11th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.00.

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.