Pampa Energía S.A. (NYSE:PAM) Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP cut its stake in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 65.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,869 shares of the utilities provider's stock after selling 7,345 shares during the period. Mirabella Financial Services LLP's holdings in Pampa Energía were worth $232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PAM. Helikon Investments Ltd increased its stake in shares of Pampa Energía by 146.6% during the third 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 during the period. Millennium Management LLC raised its stake 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 buying an additional 509,487 shares in the last quarter. Fourth Sail Capital LP acquired a new stake in shares of Pampa Energía in the 3rd quarter valued at approximately $8,552,000. Ping Capital Management Inc. purchased a new stake in shares of Pampa Energía in the second quarter valued at approximately $2,470,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Pampa Energía during the second quarter worth $950,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Pampa Energía Trading Up 1.6 %

Shares of PAM traded up $1.30 on Tuesday, hitting $83.93. 359,946 shares of the stock traded hands, compared to its average volume of 267,614. The firm has a market capitalization of $4.58 billion, a P/E ratio of 12.96 and a beta of 0.88. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. Pampa Energía S.A. has a 1 year low of $38.15 and a 1 year high of $86.91. The stock's 50 day moving average is $67.30 and its two-hundred day moving average is $54.92.

Pampa Energía (NYSE:PAM - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.95. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The business had revenue of $540.00 million during the quarter, compared to the consensus estimate of $517.71 million. During the same quarter in the previous year, the business earned $2.80 earnings per share. As a group, sell-side analysts predict that Pampa Energía S.A. will post 8.65 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on PAM shares. Citigroup lowered shares of Pampa Energía from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $58.00 to $75.00 in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of Pampa Energía from $55.00 to $59.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Bank of America increased their target price on shares of Pampa Energía from $62.00 to $72.00 and gave the company a "buy" rating in a report on Wednesday, September 11th. Finally, StockNews.com raised Pampa Energía from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Three 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.com, Pampa Energía presently has an average rating of "Hold" and an average price target 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.