Candriam S.C.A. Invests $8.04 Million in Pampa Energía S.A. (NYSE:PAM)

Candriam S.C.A. acquired a new stake in Pampa Energía S.A. (NYSE:PAM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 91,400 shares of the utilities provider's stock, valued at approximately $8,038,000. Candriam S.C.A. owned 0.17% of Pampa Energía as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in shares of Pampa Energía by 62.7% during 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 in the last quarter. Advisors Preferred LLC bought a new position in Pampa Energía in the 4th quarter worth about $26,000. Stratos Wealth Partners LTD. grew its holdings in Pampa Energía by 2.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 12,811 shares of the utilities provider's stock valued at $1,127,000 after buying an additional 344 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Pampa Energía during the fourth quarter valued at about $49,000. Finally, GAMMA Investing LLC boosted its position in shares of Pampa Energía by 75.9% in the fourth quarter. GAMMA Investing LLC now owns 2,464 shares of the utilities provider's stock valued at $217,000 after acquiring an additional 1,063 shares during the period. 12.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PAM. JPMorgan Chase & Co. upped their price target on shares of Pampa Energía from $59.00 to $93.50 and gave the stock a "neutral" rating in a report on Friday, January 10th. StockNews.com upgraded Pampa Energía from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Pampa Energía currently has a consensus rating of "Hold" and an average target price of $71.63.

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Pampa Energía Price Performance

Shares of NYSE PAM traded down $3.75 during trading hours on Monday, reaching $75.36. 24,326 shares of the stock traded hands, compared to its average volume of 285,713. The company has a market capitalization of $4.11 billion, a P/E ratio of 11.60 and a beta of 0.92. The company's 50-day simple moving average is $84.55 and its two-hundred day simple moving average is $75.22. 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 S.A. has a 52-week low of $38.15 and a 52-week high of $97.55.

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