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

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

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP raised its stake in Tenaris by 187.4% during the third quarter. Wellington Management Group LLP now owns 2,546,184 shares of the industrial products company’s stock worth $80,943,000 after acquiring an additional 1,660,300 shares in the last quarter. Holocene Advisors LP acquired a new position in Tenaris during the third quarter worth $21,454,000. FMR LLC raised its stake in Tenaris by 21.3% during the third quarter. FMR LLC now owns 3,503,644 shares of the industrial products company’s stock worth $111,381,000 after acquiring an additional 614,884 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in Tenaris during the third quarter worth $17,129,000. Finally, Point72 Asset Management L.P. increased its stake in shares of Tenaris by 102.5% in the third quarter. Point72 Asset Management L.P. now owns 1,050,552 shares of the industrial products company’s stock valued at $33,397,000 after buying an additional 531,860 shares in the last quarter. 10.45% of the stock is owned by institutional investors and hedge funds.

Tenaris Stock Up 1.4 %

Shares of TS stock opened at $39.20 on Wednesday. The stock has a 50-day moving average price of $37.99 and a 200 day moving average price of $33.25. The firm has a market cap of $22.79 billion, a price-to-earnings ratio of 8.54 and a beta of 1.45. Tenaris S.A. has a 12 month low of $27.24 and a 12 month high of $40.72.

Tenaris Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 20th. Investors of record on Tuesday, November 19th were given a $0.54 dividend. The ex-dividend date was Tuesday, November 19th. This represents a yield of 3.6%. Tenaris’s payout ratio is 23.53%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. StockNews.com upgraded Tenaris from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Piper Sandler assumed coverage on Tenaris in a research note on Thursday, December 19th. They issued an “overweight” rating and a $48.00 target price for the company. Kepler Capital Markets lowered Tenaris from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. 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. Finally, Jefferies Financial Group upgraded Tenaris from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $47.00 in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Tenaris currently has an average rating of “Moderate Buy” and an average price target of $42.75.

About Tenaris

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.