Dorsey Wright & Associates Grows Position in Pampa Energía S.A. (NYSE:PAM)

Dorsey Wright & Associates lifted its stake in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 12.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,086 shares of the utilities provider's stock after buying an additional 7,553 shares during the period. Dorsey Wright & Associates owned approximately 0.13% of Pampa Energía worth $4,208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. lifted its stake in shares of Pampa Energía by 158.1% during the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider's stock worth $25,000 after buying an additional 253 shares during the period. GAMMA Investing LLC lifted its stake in shares of Pampa Energía by 32.7% during the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider's stock worth $84,000 after buying an additional 345 shares during the period. Driehaus Capital Management LLC lifted its stake in shares of Pampa Energía by 1.7% during the second quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider's stock worth $1,032,000 after buying an additional 398 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in Pampa Energía by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider's stock valued at $150,000 after purchasing an additional 526 shares during the period. Finally, Diversify Wealth Management LLC lifted its position in Pampa Energía by 3.9% during the third quarter. Diversify Wealth Management LLC now owns 15,110 shares of the utilities provider's stock valued at $1,006,000 after purchasing an additional 573 shares during the period. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Pampa Energía Stock Performance

PAM traded up $0.40 on Friday, reaching $87.42. The stock had a trading volume of 193,528 shares, compared to its average volume of 354,081. Pampa Energía S.A. has a 12-month low of $38.15 and a 12-month high of $90.40. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The business's 50-day moving average price is $71.97 and its two-hundred day moving average price is $57.36. The company has a market cap of $4.77 billion, a P/E ratio of 13.45 and a beta of 0.96.

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 analysts' consensus estimates of $1.75 by $0.95. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The company had revenue of $540.00 million during the quarter, compared to analysts' expectations of $517.71 million. During the same quarter in the previous year, the company earned $2.80 earnings per share. Sell-side analysts forecast that Pampa Energía S.A. will post 8.65 earnings per share for the current year.

Analyst Ratings Changes

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

About Pampa Energía

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.