Transportadora de Gas del Sur S.A. (NYSE:TGS) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its stake in Transportadora de Gas del Sur S.A. (NYSE:TGS) by 76.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the energy company’s stock after acquiring an additional 10,800 shares during the period. Mackenzie Financial Corp’s holdings in Transportadora de Gas del Sur were worth $474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. purchased a new stake in shares of Transportadora de Gas del Sur in the 2nd quarter valued at about $41,000. BNP Paribas Financial Markets acquired a new stake in shares of Transportadora de Gas del Sur in the first quarter valued at approximately $62,000. B. Riley Wealth Advisors Inc. grew its position in shares of Transportadora de Gas del Sur by 30.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 38,200 shares of the energy company’s stock worth $577,000 after acquiring an additional 9,000 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new position in shares of Transportadora de Gas del Sur in the 2nd quarter valued at $514,000. Finally, Quadrature Capital Ltd boosted its stake in Transportadora de Gas del Sur by 101.9% during the 1st quarter. Quadrature Capital Ltd now owns 75,531 shares of the energy company’s stock worth $1,141,000 after purchasing an additional 38,123 shares during the period. Hedge funds and other institutional investors own 3.29% of the company’s stock.

Transportadora de Gas del Sur Price Performance

Shares of NYSE TGS opened at $19.57 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.05 and a quick ratio of 1.04. The company has a market cap of $2.95 billion, a PE ratio of 36.92 and a beta of 0.73. The stock has a fifty day moving average price of $19.18 and a 200 day moving average price of $18.21. Transportadora de Gas del Sur S.A. has a 1-year low of $9.50 and a 1-year high of $21.94.

Transportadora de Gas del Sur (NYSE:TGS) last issued its earnings results on Monday, August 5th. The energy company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.10. The business had revenue of $298.68 million for the quarter, compared to the consensus estimate of $379.90 million. Transportadora de Gas del Sur had a net margin of 12.02% and a return on equity of 5.69%. Sell-side analysts forecast that Transportadora de Gas del Sur S.A. will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th.

Transportadora de Gas del Sur Company Profile

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.