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

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

Other large investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Tenaris during the 3rd quarter worth approximately $33,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Tenaris during the second quarter worth $32,000. Covestor Ltd acquired a new stake in shares of Tenaris during the third quarter worth $40,000. West Family Investments Inc. bought a new stake in Tenaris in the 3rd quarter valued at $200,000. Finally, Blue Trust Inc. boosted its stake in Tenaris by 95.9% in the 3rd quarter. Blue Trust Inc. now owns 7,028 shares of the industrial products company’s stock worth $214,000 after purchasing an additional 3,440 shares during the period. Institutional investors own 10.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TS. Piper Sandler initiated coverage on Tenaris in a research note on Thursday, December 19th. They issued an “overweight” rating and a $48.00 price target on the stock. Stifel Nicolaus cut their target price on Tenaris from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Jefferies Financial Group raised shares of Tenaris from a “hold” rating to a “buy” rating and raised their price target for the stock from $35.00 to $47.00 in a research note on Monday, December 9th. Finally, StockNews.com raised shares of Tenaris from a “hold” rating to a “buy” rating in a research report on Friday. One research 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 data from MarketBeat, Tenaris currently has an average rating of “Moderate Buy” and an average price target of $42.75.

Tenaris Stock Up 0.7 %

TS stock opened at $38.01 on Tuesday. The company has a market cap of $22.10 billion, a price-to-earnings ratio of 8.28 and a beta of 1.45. Tenaris S.A. has a twelve month low of $27.24 and a twelve month high of $40.72. The business has a 50 day moving average price of $37.04 and a two-hundred day moving average price of $32.63.

Tenaris Cuts Dividend

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

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.