Pampa Energía S.A. (NYSE:PAM) Stake Reduced by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its stake in Pampa Energía S.A. (NYSE:PAM - Free Report) by 85.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,731 shares of the utilities provider's stock after selling 16,696 shares during the quarter. BNP Paribas Financial Markets' holdings in Pampa Energía were worth $164,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PAM. Wrapmanager Inc. acquired a new stake in shares of Pampa Energía during the 3rd quarter valued at approximately $221,000. Fourth Sail Capital LP bought a new stake in Pampa Energía during the third quarter valued at $8,552,000. Helikon Investments Ltd raised its holdings in shares of Pampa Energía by 146.6% during the third quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider's stock worth $79,218,000 after purchasing an additional 784,407 shares during the period. Diversify Wealth Management LLC lifted its position 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 worth $1,006,000 after buying an additional 573 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings 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 valued at $150,000 after buying an additional 526 shares during the period. Institutional investors own 12.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citigroup cut shares of Pampa Energía from a "buy" rating to a "neutral" rating and raised their target price for the stock from $58.00 to $75.00 in a report on Friday, November 1st. Bank of America raised their price target on Pampa Energía from $62.00 to $72.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th. StockNews.com upgraded Pampa Energía from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their target price on Pampa Energía from $55.00 to $59.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Pampa Energía presently has a consensus rating of "Hold" and an average target price of $63.00.

Pampa Energía Stock Performance

Shares of NYSE:PAM traded down $5.04 during trading hours on Wednesday, hitting $85.65. The stock had a trading volume of 271,897 shares, compared to its average volume of 267,830. The stock's fifty day simple moving average is $75.92 and its 200 day simple moving average is $59.43. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 13.18 and a beta of 0.96. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. Pampa Energía S.A. has a 1-year low of $38.15 and a 1-year high of $93.11.

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

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.