80,131 Shares in Pampa Energía S.A. (NYSE:PAM) Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new position in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 80,131 shares of the utilities provider's stock, valued at approximately $7,047,000. Alberta Investment Management Corp owned 0.15% of Pampa Energía as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PAM. Blue Trust Inc. raised its holdings in shares of Pampa Energía by 158.1% during the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider's stock worth $25,000 after acquiring an additional 253 shares during the period. Advisors Preferred LLC acquired a new stake in Pampa Energía in the 4th quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Pampa Energía in the 4th quarter valued at $49,000. Whittier Trust Co. of Nevada Inc. increased its stake in 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 valued at $150,000 after buying an additional 526 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Pampa Energía by 75.9% in the 4th quarter. GAMMA Investing LLC now owns 2,464 shares of the utilities provider's stock valued at $217,000 after buying an additional 1,063 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on PAM. JPMorgan Chase & Co. lifted their price target on shares of Pampa Energía from $59.00 to $93.50 and gave the company a "neutral" rating in a research note on Friday, January 10th. Citigroup lowered shares of Pampa Energía from a "buy" rating to a "neutral" rating and lifted their price target for the company from $58.00 to $75.00 in a research note on Friday, November 1st. Finally, StockNews.com upgraded shares of Pampa Energía from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $71.63.

Pampa Energía Stock Performance

Shares of PAM traded down $1.02 during midday trading on Friday, reaching $80.45. The stock had a trading volume of 182,765 shares, compared to its average volume of 282,921. The firm has a 50 day simple moving average of $86.72 and a 200-day simple moving average of $73.23. Pampa Energía S.A. has a one year low of $38.15 and a one year high of $97.55. The firm has a market cap of $4.39 billion, a PE ratio of 12.38 and a beta of 0.92. 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 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.