Barclays PLC Has $192,000 Stake in Tenaris S.A. (NYSE:TS)

Barclays PLC boosted its stake in shares of Tenaris S.A. (NYSE:TS) by 30,000.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,020 shares of the industrial products company’s stock after acquiring an additional 6,000 shares during the quarter. Barclays PLC’s holdings in Tenaris were worth $192,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TS. Allspring Global Investments Holdings LLC bought a new stake in Tenaris during the 2nd quarter worth approximately $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Tenaris during the third quarter worth $33,000. Covestor Ltd acquired a new stake in shares of Tenaris in the third quarter valued at $40,000. West Family Investments Inc. bought a new position in shares of Tenaris in the third quarter valued at about $200,000. Finally, Blue Trust Inc. lifted its position in Tenaris by 95.9% during the 3rd quarter. Blue Trust Inc. now owns 7,028 shares of the industrial products company’s stock worth $214,000 after buying an additional 3,440 shares in the last quarter. 10.45% of the stock is currently owned by institutional investors and hedge funds.

Tenaris Price Performance

Shares of NYSE TS opened at $38.01 on Tuesday. Tenaris S.A. has a fifty-two week low of $27.24 and a fifty-two week high of $40.72. The firm has a market capitalization of $22.10 billion, a P/E ratio of 8.28 and a beta of 1.45. The company’s 50 day simple moving average is $37.04 and its 200 day simple moving average is $32.63.

Tenaris Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 20th. Stockholders of record on Tuesday, November 19th were paid a $0.54 dividend. This represents a dividend yield of 3.6%. The ex-dividend date was Tuesday, November 19th. Tenaris’s dividend payout ratio (DPR) is currently 23.53%.

Wall Street Analysts Forecast Growth

TS has been the subject of several research reports. Piper Sandler initiated coverage on shares of Tenaris in a research report on Thursday, December 19th. They issued an “overweight” rating and a $48.00 price objective for the company. Jefferies Financial Group raised shares of Tenaris from a “hold” rating to a “buy” rating and raised their price target for the company from $35.00 to $47.00 in a report on Monday, December 9th. StockNews.com raised Tenaris from a “hold” rating to a “buy” rating in a report on Friday. Finally, Stifel Nicolaus lowered their target price on Tenaris from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.75.

Tenaris Company Profile

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.