Ping Capital Management Inc. Buys 44,200 Shares of Transportadora De Gas Sa Ord B $TGS

Ping Capital Management Inc. raised its position in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) by 75.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,700 shares of the energy company’s stock after acquiring an additional 44,200 shares during the quarter. Transportadora De Gas Sa Ord B makes up approximately 0.7% of Ping Capital Management Inc.’s holdings, making the stock its 20th largest position. Ping Capital Management Inc. owned 0.07% of Transportadora De Gas Sa Ord B worth $2,160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC lifted its stake in shares of Transportadora De Gas Sa Ord B by 787.5% in the 1st quarter. Millennium Management LLC now owns 143,919 shares of the energy company’s stock valued at $3,808,000 after purchasing an additional 127,702 shares during the period. NewEdge Advisors LLC grew its stake in Transportadora De Gas Sa Ord B by 28.8% in the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock worth $322,000 after purchasing an additional 2,725 shares during the period. ABS Direct Equity Fund LLC raised its holdings in Transportadora De Gas Sa Ord B by 10.2% in the second quarter. ABS Direct Equity Fund LLC now owns 69,658 shares of the energy company’s stock worth $1,804,000 after purchasing an additional 6,458 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Transportadora De Gas Sa Ord B by 77.4% during the second quarter. Janney Montgomery Scott LLC now owns 29,721 shares of the energy company’s stock valued at $770,000 after buying an additional 12,965 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Transportadora De Gas Sa Ord B during the 2nd quarter valued at $488,000. Hedge funds and other institutional investors own 3.29% of the company’s stock.

Transportadora De Gas Sa Ord B Price Performance

Shares of NYSE TGS opened at $30.97 on Friday. Transportadora De Gas Sa Ord B has a twelve month low of $19.74 and a twelve month high of $33.70. The firm has a market cap of $4.66 billion, a P/E ratio of 13.52, a PEG ratio of 1.30 and a beta of 0.82. The company has a 50 day moving average of $30.57 and a 200 day moving average of $27.46. The company has a quick ratio of 3.67, a current ratio of 3.72 and a debt-to-equity ratio of 0.24.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its earnings results on Monday, November 3rd. The energy company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.06 by $0.50. The business had revenue of $309.14 million for the quarter, compared to the consensus estimate of $359.08 million. Transportadora De Gas Sa Ord B had a return on equity of 13.26% and a net margin of 27.37%. As a group, research analysts expect that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TGS. Zacks Research upgraded shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 26th. Wall Street Zen cut shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Monday, December 29th. Finally, Bank of America assumed coverage on Transportadora De Gas Sa Ord B in a research note on Friday, October 31st. They set a “buy” rating and a $39.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Transportadora De Gas Sa Ord B presently has an average rating of “Buy” and a consensus price target of $39.50.

Transportadora De Gas Sa Ord B Company 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.