Systrade AG Invests $743,000 in Transportadora De Gas Sa Ord B $TGS

Systrade AG purchased a new stake in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,000 shares of the energy company’s stock, valued at approximately $743,000. Transportadora De Gas Sa Ord B accounts for approximately 0.5% of Systrade AG’s investment portfolio, making the stock its 12th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp grew its position in 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 buying an additional 890 shares in the last quarter. Van ECK Associates Corp increased its stake 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 valued at $135,000 after buying an additional 3,665 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Transportadora De Gas Sa Ord B during the 1st quarter worth about $210,000. Uniplan Investment Counsel Inc. bought a new stake in shares of Transportadora De Gas Sa Ord B during the 4th quarter worth about $205,000. Finally, Vident Advisory LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B in the 4th quarter worth approximately $234,000. 3.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on TGS. Bank of America reiterated a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 18th. Zacks Research lowered Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Wall Street Zen upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Transportadora De Gas Sa Ord B presently has an average rating of “Hold” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Trading Down 2.0%

Transportadora De Gas Sa Ord B stock opened at $29.45 on Thursday. Transportadora De Gas Sa Ord B has a 52 week low of $19.74 and a 52 week high of $36.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.08 and a current ratio of 5.11. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 0.56 and a beta of 0.63. The company has a 50 day moving average price of $30.51 and a 200 day moving average price of $30.82.

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.