Banco BTG Pactual S.A. Reduces Stake in Pampa Energía S.A. (NYSE:PAM)

Banco BTG Pactual S.A. trimmed its holdings in Pampa Energía S.A. (NYSE:PAM - Free Report) by 93.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,100 shares of the utilities provider's stock after selling 70,310 shares during the period. Banco BTG Pactual S.A.'s holdings in Pampa Energía were worth $475,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAM. Blue Trust Inc. raised its holdings in Pampa Energía by 62.7% in the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider's stock valued at $59,000 after buying an additional 259 shares during the period. Advisors Preferred LLC acquired a new position in shares of Pampa Energía in the 4th quarter worth approximately $26,000. LPL Financial LLC boosted its position in shares of Pampa Energía by 8.2% during the 4th quarter. LPL Financial LLC now owns 3,879 shares of the utilities provider's stock worth $341,000 after purchasing an additional 293 shares during the period. Stratos Wealth Partners LTD. increased its holdings in Pampa Energía by 2.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 12,811 shares of the utilities provider's stock valued at $1,127,000 after purchasing an additional 344 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Pampa Energía during the fourth quarter worth $49,000. Hedge funds and other institutional investors own 12.77% of the company's stock.

Pampa Energía Stock Down 1.7 %

Shares of NYSE PAM traded down $1.40 during mid-day trading on Friday, hitting $79.41. The company had a trading volume of 115,120 shares, compared to its average volume of 273,622. The company has a market capitalization of $4.33 billion, a PE ratio of 12.22 and a beta of 0.92. The business's 50-day simple moving average is $81.15 and its 200 day simple moving average is $77.78. Pampa Energía S.A. has a 1-year low of $38.58 and a 1-year high of $97.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13.

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Pampa Energía (NYSE:PAM - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share (EPS) for the quarter. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The company had revenue of $435.00 million for the quarter, compared to analyst estimates of $454.61 million. On average, analysts predict that Pampa Energía S.A. will post 9.33 earnings per share for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted their price objective on Pampa Energía from $59.00 to $93.50 and gave the company a "neutral" rating in a research note on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Pampa Energía presently has a consensus rating of "Hold" and a consensus price target of $71.63.

Pampa Energía 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.