JPMorgan Chase & Co. Purchases 264,706 Shares of Pampa Energía S.A. (NYSE:PAM)

JPMorgan Chase & Co. lifted its position in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 167.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 423,154 shares of the utilities provider's stock after purchasing an additional 264,706 shares during the quarter. JPMorgan Chase & Co. owned 0.78% of Pampa Energía worth $37,212,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Pampa Energía by 62.7% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider's stock valued at $59,000 after buying an additional 259 shares during the last quarter. Advisors Preferred LLC purchased a new stake in shares of Pampa Energía in the fourth quarter worth approximately $26,000. LPL Financial LLC boosted its position in shares of Pampa Energía by 8.2% during the fourth quarter. LPL Financial LLC now owns 3,879 shares of the utilities provider's stock valued at $341,000 after buying an additional 293 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Pampa Energía by 2.8% in 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 during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Pampa Energía during the 4th quarter worth $49,000. 12.77% of the stock is currently owned by institutional investors.

Pampa Energía Stock Performance

PAM stock traded up $4.50 during midday trading on Friday, hitting $69.56. The company's stock had a trading volume of 210,383 shares, compared to its average volume of 266,196. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 10.70 and a beta of 0.94. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The stock's 50-day moving average price is $77.27 and its 200 day moving average price is $78.52. Pampa Energía S.A. has a 1 year low of $38.58 and a 1 year high of $97.55.

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

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised their price target 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $71.63.

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.