Public Employees Retirement System of Ohio Acquires Shares of 7,500 Transportadora de Gas del Sur SA ADR (NYSE:TGS)

Public Employees Retirement System of Ohio acquired a new stake in Transportadora de Gas del Sur SA ADR (NYSE:TGS) in the second quarter, Holdings Channel reports. The fund acquired 7,500 shares of the energy company’s stock, valued at approximately $108,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bienville Capital Management LLC raised its position in shares of Transportadora de Gas del Sur by 18.5% in the 1st quarter. Bienville Capital Management LLC now owns 904,049 shares of the energy company’s stock valued at $11,898,000 after buying an additional 141,191 shares in the last quarter. Oaktree Capital Management LP raised its position in shares of Transportadora de Gas del Sur by 37.0% in the 1st quarter. Oaktree Capital Management LP now owns 689,000 shares of the energy company’s stock valued at $9,066,000 after buying an additional 186,000 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Transportadora de Gas del Sur by 16.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 356,203 shares of the energy company’s stock valued at $5,055,000 after buying an additional 49,310 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Transportadora de Gas del Sur in the 2nd quarter valued at approximately $4,557,000. Finally, Fiera Capital Corp acquired a new position in shares of Transportadora de Gas del Sur in the 1st quarter valued at approximately $1,984,000. 10.43% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on TGS. ValuEngine cut shares of Transportadora de Gas del Sur from a “sell” rating to a “strong sell” rating in a research report on Monday, August 12th. Zacks Investment Research cut shares of Transportadora de Gas del Sur from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. TheStreet cut shares of Transportadora de Gas del Sur from a “b-” rating to a “c+” rating in a research report on Tuesday, August 27th. Finally, Morgan Stanley cut shares of Transportadora de Gas del Sur from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.00.



TGS stock traded down $0.12 during trading on Tuesday, reaching $8.31. 13,124 shares of the company were exchanged, compared to its average volume of 532,469. The company has a 50-day moving average of $9.47 and a two-hundred day moving average of $12.37. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 4.26 and a beta of 0.82. Transportadora de Gas del Sur SA ADR has a twelve month low of $6.05 and a twelve month high of $17.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.46 and a quick ratio of 2.38.

Transportadora de Gas del Sur (NYSE:TGS) last released its quarterly earnings data on Friday, August 16th. The energy company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. The business had revenue of $230.99 million during the quarter. Transportadora de Gas del Sur had a net margin of 39.65% and a return on equity of 52.61%. On average, analysts forecast that Transportadora de Gas del Sur SA ADR will post 1.47 EPS for the current year.

About Transportadora de Gas del Sur

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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