BTG Pactual Asset Management US LLC acquired a new position in Pampa Energía S.A. (NYSE:PAM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,704 shares of the utilities provider's stock, valued at approximately $326,000.
A number of other institutional investors also recently made changes to their positions in the business. Advisors Preferred LLC bought a new position in shares of Pampa Energía in the fourth quarter worth approximately $26,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Pampa Energía during the 4th quarter valued at about $49,000. Blue Trust Inc. raised its stake in Pampa Energía by 62.7% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider's stock worth $59,000 after buying an additional 259 shares in the last quarter. Virtu Financial LLC bought a new stake in Pampa Energía during the 4th quarter valued at approximately $209,000. Finally, QRG Capital Management Inc. purchased a new position in shares of Pampa Energía during the 4th quarter worth approximately $210,000. Hedge funds and other institutional investors own 12.77% of the company's stock.
Pampa Energía Stock Performance
PAM traded up $2.29 during trading on Friday, hitting $78.56. The company's stock had a trading volume of 155,175 shares, compared to its average volume of 266,462. The business's 50 day simple moving average is $76.80 and its 200-day simple moving average is $78.87. The firm has a market cap of $4.28 billion, a PE ratio of 12.09 and a beta of 0.94. Pampa Energía S.A. has a one year low of $38.58 and a one year high of $97.55. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44.
Pampa Energía (NYSE:PAM - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share for the quarter. The business had revenue of $435.00 million for the quarter, compared to the consensus estimate of $454.61 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. As a group, sell-side analysts predict that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. boosted their target price on Pampa Energía from $59.00 to $93.50 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $71.63.
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About Pampa Energía
(
Free Report)
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.
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