LWM Advisory Services LLC acquired a new position in Pampa Energía S.A. (NYSE:PAM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,736 shares of the utilities provider's stock, valued at approximately $416,000.
Several other institutional investors have also recently added to or reduced their stakes in PAM. TT International Asset Management LTD lifted its stake in Pampa Energía by 250.9% in the fourth quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider's stock valued at $106,108,000 after buying an additional 862,723 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Pampa Energía by 40.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider's stock worth $9,513,000 after acquiring an additional 45,409 shares during the period. Fourth Sail Capital LP bought a new stake in Pampa Energía in the 3rd quarter valued at about $8,552,000. Dorsey Wright & Associates grew its position in Pampa Energía by 12.1% in the 3rd quarter. Dorsey Wright & Associates now owns 70,086 shares of the utilities provider's stock worth $4,208,000 after purchasing an additional 7,553 shares during the last quarter. Finally, ABS Direct Equity Fund LLC increased its stake in shares of Pampa Energía by 186.7% in the fourth quarter. ABS Direct Equity Fund LLC now owns 17,200 shares of the utilities provider's stock valued at $1,513,000 after purchasing an additional 11,200 shares during the period. Institutional investors own 12.77% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on PAM. Citigroup lowered Pampa Energía from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $58.00 to $75.00 in a report on Friday, November 1st. StockNews.com upgraded shares of Pampa Energía from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Pampa Energía from $59.00 to $93.50 and gave the company a "neutral" rating in a research report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $71.63.
Read Our Latest Report on Pampa Energía
Pampa Energía Trading Down 0.0 %
NYSE PAM traded down $0.03 on Wednesday, hitting $76.97. 180,535 shares of the company were exchanged, compared to its average volume of 281,833. Pampa Energía S.A. has a twelve month low of $38.15 and a twelve month high of $97.55. The company's 50 day moving average price is $86.19 and its 200-day moving average price is $73.83. The firm has a market capitalization of $4.20 billion, a P/E ratio of 11.84 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13.
About Pampa Energía
(
Free Report)
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.
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