ABS Direct Equity Fund LLC Has $1.51 Million Stock Holdings in Pampa Energía S.A. (NYSE:PAM)

ABS Direct Equity Fund LLC boosted its holdings in Pampa Energía S.A. (NYSE:PAM - Free Report) by 186.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,200 shares of the utilities provider's stock after purchasing an additional 11,200 shares during the period. Pampa Energía comprises 1.8% of ABS Direct Equity Fund LLC's portfolio, making the stock its 25th largest position. ABS Direct Equity Fund LLC's holdings in Pampa Energía were worth $1,513,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of Pampa Energía by 158.1% during the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider's stock valued at $25,000 after buying an additional 253 shares during the last quarter. GAMMA Investing LLC boosted its stake in Pampa Energía by 32.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider's stock valued at $84,000 after acquiring an additional 345 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in Pampa Energía by 1.7% during the 2nd quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider's stock worth $1,032,000 after acquiring an additional 398 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Pampa Energía by 26.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider's stock worth $150,000 after purchasing an additional 526 shares during the last quarter. Finally, Diversify Wealth Management LLC raised its stake in shares of Pampa Energía by 3.9% in the 3rd quarter. Diversify Wealth Management LLC now owns 15,110 shares of the utilities provider's stock valued at $1,006,000 after purchasing an additional 573 shares in the last quarter. Institutional investors and hedge funds own 12.77% of the company's stock.

Pampa Energía Stock Performance

PAM traded down $0.27 during trading hours on Friday, hitting $89.48. The company's stock had a trading volume of 155,360 shares, compared to its average volume of 312,782. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. Pampa Energía S.A. has a fifty-two week low of $38.15 and a fifty-two week high of $97.55. The company has a 50-day simple moving average of $88.15 and a 200 day simple moving average of $68.94. The firm has a market capitalization of $4.88 billion, a PE ratio of 13.76 and a beta of 0.94.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share for the quarter, beating 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 business had revenue of $540.00 million for the quarter, compared to analysts' expectations of $517.71 million. During the same period in the previous year, the business earned $2.80 earnings per share. As a group, sell-side analysts expect that Pampa Energía S.A. will post 8.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on PAM shares. JPMorgan Chase & Co. increased their target price on Pampa Energía from $59.00 to $93.50 and gave the stock a "neutral" rating in a report on Friday, January 10th. Citigroup downgraded shares of Pampa Energía from a "buy" rating to a "neutral" rating and raised their price target for the stock from $58.00 to $75.00 in a research report on Friday, November 1st. Finally, StockNews.com raised Pampa Energía from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $71.63.

Pampa Energía Company Profile

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.