Millennium Management LLC Grows Holdings in Transportadora de Gas del Sur SA ADR (TGS)

Millennium Management LLC boosted its holdings in shares of Transportadora de Gas del Sur SA ADR (NYSE:TGS) by 60.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,644 shares of the energy company’s stock after buying an additional 75,410 shares during the period. Millennium Management LLC owned approximately 0.13% of Transportadora de Gas del Sur worth $3,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Eaton Vance Management raised its holdings in Transportadora de Gas del Sur by 13.9% during the fourth quarter. Eaton Vance Management now owns 50,039 shares of the energy company’s stock worth $751,000 after buying an additional 6,100 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Transportadora de Gas del Sur by 3.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 207,411 shares of the energy company’s stock worth $3,111,000 after buying an additional 6,352 shares during the last quarter. Northern Trust Corp raised its holdings in Transportadora de Gas del Sur by 23.4% during the fourth quarter. Northern Trust Corp now owns 42,117 shares of the energy company’s stock worth $632,000 after buying an additional 7,981 shares during the last quarter. LSV Asset Management acquired a new position in Transportadora de Gas del Sur during the fourth quarter worth $119,000. Finally, Legal & General Group Plc acquired a new position in Transportadora de Gas del Sur during the third quarter worth $267,000. Hedge funds and other institutional investors own 8.44% of the company’s stock.

NYSE TGS opened at $10.90 on Friday. Transportadora de Gas del Sur SA ADR has a 1 year low of $10.72 and a 1 year high of $20.61. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.24 and a quick ratio of 3.19. The firm has a market capitalization of $1.71 billion, a PE ratio of 5.59 and a beta of 0.90.

Transportadora de Gas del Sur (NYSE:TGS) last posted its earnings results on Thursday, March 7th. The energy company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $1.07. Transportadora de Gas del Sur had a net margin of 35.44% and a return on equity of 76.25%. The firm had revenue of $243.95 million during the quarter. Analysts forecast that Transportadora de Gas del Sur SA ADR will post 1.53 earnings per share for the current fiscal year.

The company also recently announced a dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 22nd will be paid a $1.019 dividend. This is a positive change from Transportadora de Gas del Sur’s previous dividend of $0.27. The ex-dividend date of this dividend is Thursday, April 18th. Transportadora de Gas del Sur’s dividend payout ratio is presently 26.67%.

Several research firms have weighed in on TGS. ValuEngine downgraded shares of Transportadora de Gas del Sur from a “sell” rating to a “strong sell” rating in a report on Thursday, April 4th. Zacks Investment Research downgraded shares of Transportadora de Gas del Sur from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. TheStreet upgraded shares of Transportadora de Gas del Sur from a “c+” rating to a “b-” rating in a report on Wednesday, February 13th. Finally, Santander upgraded shares of Transportadora de Gas del Sur from a “hold” rating to a “buy” rating in a report on Tuesday, February 26th.

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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.

Further Reading: Strike Price

Institutional Ownership by Quarter for Transportadora de Gas del Sur (NYSE:TGS)

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