JPMorgan Chase & Co. Acquires 45,409 Shares of Pampa Energía S.A. (NYSE:PAM)

JPMorgan Chase & Co. boosted its position in Pampa Energía S.A. (NYSE:PAM - Free Report) by 40.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,448 shares of the utilities provider's stock after purchasing an additional 45,409 shares during the quarter. JPMorgan Chase & Co. owned about 0.29% of Pampa Energía worth $9,513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Pampa Energía in the second quarter valued at about $37,000. EverSource Wealth Advisors LLC raised its stake in Pampa Energía by 89.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider's stock worth $102,000 after purchasing an additional 1,059 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Pampa Energía in the 2nd quarter valued at about $950,000. Millennium Management LLC grew its holdings in shares of Pampa Energía by 428.0% during the 2nd quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider's stock worth $27,818,000 after purchasing an additional 509,487 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its position in shares of Pampa Energía by 1.7% in the second quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider's stock worth $1,032,000 after purchasing an additional 398 shares during the period. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energía Price Performance

Shares of PAM traded up $3.60 during mid-day trading on Tuesday, reaching $93.18. The company had a trading volume of 198,847 shares, compared to its average volume of 289,731. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 14.34 and a beta of 0.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. The company's 50 day simple moving average is $84.80 and its 200 day simple moving average is $65.41. Pampa Energía S.A. has a 1-year low of $38.15 and a 1-year high of $97.55.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its earnings results 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 firm had revenue of $540.00 million for the quarter, compared to analyst estimates of $517.71 million. During the same quarter last year, the business posted $2.80 earnings per share. Analysts expect that Pampa Energía S.A. will post 8.65 EPS for the current year.

Wall Street Analyst Weigh In

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

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.