Diversify Wealth Management LLC Acquires 2,971 Shares of Pampa Energía S.A. (NYSE:PAM)

Diversify Wealth Management LLC increased its holdings in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 19.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,081 shares of the utilities provider's stock after purchasing an additional 2,971 shares during the period. Diversify Wealth Management LLC's holdings in Pampa Energía were worth $1,716,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Helikon Investments Ltd increased its position in Pampa Energía by 146.6% in the 3rd quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider's stock worth $79,218,000 after buying an additional 784,407 shares during the period. TT International Asset Management LTD increased its position in Pampa Energía by 250.9% during the fourth quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider's stock worth $106,108,000 after acquiring an additional 862,723 shares during the period. Millennium Management LLC raised its stake in Pampa Energía by 428.0% during the 2nd quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider's stock valued at $27,818,000 after purchasing an additional 509,487 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Pampa Energía by 40.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider's stock valued at $9,513,000 after purchasing an additional 45,409 shares during the period. Finally, Fourth Sail Capital LP acquired a new stake in Pampa Energía in the 3rd quarter worth $8,552,000. Institutional investors own 12.77% of the company's stock.

Analysts Set New Price Targets

PAM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Pampa Energía from $59.00 to $93.50 and gave the company a "neutral" rating in a research report on Friday, January 10th. StockNews.com raised Pampa Energía from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Finally, Citigroup lowered Pampa Energía from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $58.00 to $75.00 in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $71.63.

Pampa Energía Price Performance

NYSE:PAM traded up $2.88 during mid-day trading on Tuesday, hitting $88.89. The company's stock had a trading volume of 577,421 shares, compared to its average volume of 300,285. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 13.67 and a beta of 0.94. 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 S.A. has a fifty-two week low of $38.15 and a fifty-two week high of $97.55. The stock has a fifty day moving average of $87.13 and a 200-day moving average of $67.32.

Pampa Energía (NYSE:PAM - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.95. The company had revenue of $540.00 million for the quarter, compared to analyst estimates of $517.71 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. During the same period in the prior year, the company posted $2.80 EPS. As a group, equities analysts forecast that Pampa Energía S.A. will post 8.96 EPS for the current fiscal year.

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.