Fourth Sail Capital LP Takes Position in Pampa Energía S.A. (NYSE:PAM)

Fourth Sail Capital LP purchased a new stake in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 142,433 shares of the utilities provider's stock, valued at approximately $8,552,000. Pampa Energía accounts for about 2.1% of Fourth Sail Capital LP's holdings, making the stock its 20th largest holding. Fourth Sail Capital LP owned approximately 0.26% of Pampa Energía at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Helikon Investments Ltd boosted its stake in shares of Pampa Energía by 146.6% during the 3rd quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider's stock worth $79,218,000 after acquiring an additional 784,407 shares in the last quarter. Diversify Wealth Management LLC raised its holdings 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 worth $1,006,000 after purchasing an additional 573 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in 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 purchasing an additional 526 shares during the last quarter. Whittier Trust Co. boosted its holdings in Pampa Energía by 8.4% in the 3rd quarter. Whittier Trust Co. now owns 15,062 shares of the utilities provider's stock valued at $904,000 after purchasing an additional 1,162 shares in the last quarter. Finally, Glenorchy Capital Ltd increased its stake in Pampa Energía by 35.5% in the 3rd quarter. Glenorchy Capital Ltd now owns 75,223 shares of the utilities provider's stock valued at $4,516,000 after purchasing an additional 19,717 shares in the last quarter. Hedge funds and other institutional investors own 12.77% of the company's stock.

Pampa Energía Trading Up 4.8 %

Shares of NYSE PAM traded up $3.64 during trading hours on Monday, hitting $80.02. The company's stock had a trading volume of 482,456 shares, compared to its average volume of 263,685. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.11 and a current ratio of 2.41. The business has a 50-day simple moving average of $64.48 and a 200-day simple moving average of $53.53. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 12.31 and a beta of 0.88. Pampa Energía S.A. has a 12 month low of $38.15 and a 12 month high of $82.32.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share for the quarter, topping 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 company had revenue of $540.00 million for the quarter, compared to analysts' expectations of $517.71 million. During the same period in the previous year, the firm posted $2.80 earnings per share. On average, analysts anticipate that Pampa Energía S.A. will post 8.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on PAM shares. Bank of America increased their price objective 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. StockNews.com upgraded shares of Pampa Energía from a "hold" rating to a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Pampa Energía from $55.00 to $59.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Finally, Citigroup downgraded Pampa Energía from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $58.00 to $75.00 in a report on Friday, November 1st. 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 data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.