Point72 Asset Management L.P. Makes New $2.74 Million Investment in Pampa Energía S.A. (NYSE:PAM)

Point72 Asset Management L.P. purchased a new stake in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 45,600 shares of the utilities provider's stock, valued at approximately $2,738,000. Point72 Asset Management L.P. owned approximately 0.08% of Pampa Energía at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Pampa Energía during the 2nd quarter valued at about $950,000. Fourth Sail Capital LP bought a new stake in Pampa Energía during the third quarter valued at approximately $8,552,000. Truist Financial Corp purchased a new position in Pampa Energía in the 2nd quarter worth approximately $854,000. Claro Advisors LLC increased its holdings in shares of Pampa Energía by 253.9% in the 3rd quarter. Claro Advisors LLC now owns 18,172 shares of the utilities provider's stock worth $1,091,000 after buying an additional 13,037 shares during the last quarter. Finally, Glenorchy Capital Ltd raised its position in shares of Pampa Energía by 35.5% during the 3rd quarter. Glenorchy Capital Ltd now owns 75,223 shares of the utilities provider's stock valued at $4,516,000 after buying an additional 19,717 shares in the last quarter. Institutional investors own 12.77% of the company's stock.

Pampa Energía Trading Down 1.4 %

Pampa Energía stock traded down $1.24 during trading hours on Tuesday, reaching $86.62. The company had a trading volume of 125,751 shares, compared to its average volume of 266,886. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. Pampa Energía S.A. has a 12-month low of $38.15 and a 12-month high of $90.40. The company has a 50-day moving average price of $72.52 and a 200 day moving average price of $57.66. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 13.26 and a beta of 0.96.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping the consensus estimate of $1.75 by $0.95. The company had revenue of $540.00 million for the quarter, compared to the consensus estimate of $517.71 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. During the same period in the previous year, the firm earned $2.80 earnings per share. Equities analysts forecast that Pampa Energía S.A. will post 8.65 earnings per share for the current year.

Analyst Ratings Changes

PAM has been the topic of a number of research analyst reports. StockNews.com raised Pampa Energía from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Bank of America increased their price objective on Pampa Energía from $62.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. Citigroup downgraded Pampa Energía from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $58.00 to $75.00 in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Pampa Energía from $55.00 to $59.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $63.00.

About Pampa Energía

Pampa Energía SA operates as an integrated power company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,332 megawatt (MW) installed capacity.