Janney Montgomery Scott LLC Sells 3,550 Shares of Pampa Energía S.A. (NYSE:PAM)

Janney Montgomery Scott LLC lowered its stake in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 29.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,496 shares of the utilities provider's stock after selling 3,550 shares during the quarter. Janney Montgomery Scott LLC's holdings in Pampa Energía were worth $747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of PAM. Blue Trust Inc. boosted 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 valued at $25,000 after purchasing an additional 253 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Pampa Energía by 32.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider's stock worth $84,000 after purchasing an additional 345 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Pampa Energía by 26.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider's stock worth $150,000 after acquiring an additional 526 shares during the period. Wrapmanager Inc. purchased a new position in Pampa Energía during the third quarter worth about $221,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Pampa Energía in the 3rd quarter valued at approximately $252,000. Institutional investors own 12.77% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have weighed in on PAM. Citigroup lowered Pampa Energía from a "buy" rating to a "neutral" rating and increased their price target for the stock from $58.00 to $75.00 in a research note on Friday, November 1st. StockNews.com upgraded shares of Pampa Energía from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of Pampa Energía from $59.00 to $93.50 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $71.63.

Pampa Energía Stock Performance

Shares of NYSE PAM traded down $3.58 during midday trading on Tuesday, reaching $77.08. 393,772 shares of the company traded hands, compared to its average volume of 309,299. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 11.86 and a beta of 0.92. The stock has a 50-day moving average price of $87.92 and a 200 day moving average price of $71.38. Pampa Energía S.A. has a 52 week low of $38.15 and a 52 week high of $97.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13.

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.