ABS Direct Equity Fund LLC Acquires Shares of 6,000 Pampa Energía S.A. (NYSE:PAM)

ABS Direct Equity Fund LLC acquired a new stake in Pampa Energía S.A. (NYSE:PAM - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,000 shares of the utilities provider's stock, valued at approximately $360,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. increased its stake in shares of Pampa Energía by 10.4% during the 2nd quarter. Whittier Trust Co. now owns 13,900 shares of the utilities provider's stock worth $615,000 after purchasing an additional 1,312 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Pampa Energía by 144.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,975 shares of the utilities provider's stock worth $87,000 after purchasing an additional 1,166 shares during the last quarter. Ping Capital Management Inc. purchased a new stake in shares of Pampa Energía during the 2nd quarter worth approximately $2,470,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Pampa Energía during the 2nd quarter worth approximately $37,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Pampa Energía by 89.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider's stock worth $102,000 after purchasing an additional 1,059 shares during the last quarter. Hedge funds and other institutional investors own 12.77% of the company's stock.

Wall Street Analyst Weigh In

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

Pampa Energía Price Performance

NYSE:PAM traded down $1.13 during trading hours on Tuesday, hitting $86.73. The stock had a trading volume of 187,757 shares, compared to its average volume of 267,165. The company has a 50 day simple moving average of $73.03 and a two-hundred day simple moving average of $57.95. 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 one year low of $38.15 and a one year high of $90.40. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 13.34 and a beta of 0.96.

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

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.