Jump Financial LLC Decreases Position in Pampa Energía S.A. (NYSE:PAM)

Jump Financial LLC cut its holdings in Pampa Energía S.A. (NYSE:PAM - Free Report) by 82.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,553 shares of the utilities provider's stock after selling 31,319 shares during the quarter. Jump Financial LLC's holdings in Pampa Energía were worth $576,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tidal Investments LLC purchased a new position in shares of Pampa Energía during the third quarter worth about $997,000. JPMorgan Chase & Co. grew its stake in shares of Pampa Energía by 40.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider's stock valued at $9,513,000 after purchasing an additional 45,409 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Pampa Energía by 75.9% in the fourth quarter. GAMMA Investing LLC now owns 2,464 shares of the utilities provider's stock valued at $217,000 after purchasing an additional 1,063 shares during the period. TT International Asset Management LTD raised its stake in shares of Pampa Energía by 250.9% during the fourth quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider's stock worth $106,108,000 after purchasing an additional 862,723 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its holdings in shares of Pampa Energía by 19.7% during the fourth quarter. Diversify Wealth Management LLC now owns 18,081 shares of the utilities provider's stock worth $1,716,000 after purchasing an additional 2,971 shares during the period. 12.77% of the stock is owned by hedge funds and other institutional investors.

Pampa Energía Price Performance

NYSE:PAM traded down $2.56 during trading hours on Monday, hitting $73.83. The company's stock had a trading volume of 142,413 shares, compared to its average volume of 252,840. Pampa Energía S.A. has a 52-week low of $38.58 and a 52-week high of $97.55. 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 business's 50-day moving average is $76.42 and its two-hundred day moving average is $79.72. The company has a market capitalization of $4.03 billion, a PE ratio of 11.36 and a beta of 0.94.

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

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price objective 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $71.63.

Pampa Energía Company 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.