Pampa Energía S.A. (NYSE:PAM) Stock Position Boosted by Helikon Investments Ltd

Helikon Investments Ltd grew its holdings in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 146.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,319,415 shares of the utilities provider's stock after purchasing an additional 784,407 shares during the quarter. Pampa Energía makes up approximately 7.1% of Helikon Investments Ltd's holdings, making the stock its 5th biggest position. Helikon Investments Ltd owned about 2.42% of Pampa Energía worth $79,218,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norden Group LLC purchased a new stake in Pampa Energía in the 1st quarter worth approximately $312,000. Marshall Financial Group LLC increased its holdings in Pampa Energía by 8.2% in the 1st quarter. Marshall Financial Group LLC now owns 22,570 shares of the utilities provider's stock worth $974,000 after acquiring an additional 1,704 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in Pampa Energía in the 1st quarter worth approximately $688,000. BNP Paribas Financial Markets increased its holdings in Pampa Energía by 93.8% in the 1st quarter. BNP Paribas Financial Markets now owns 17,805 shares of the utilities provider's stock worth $768,000 after acquiring an additional 8,620 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Pampa Energía by 5.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 282,156 shares of the utilities provider's stock worth $12,172,000 after acquiring an additional 13,834 shares in the last quarter. Hedge funds and other institutional investors own 12.77% of the company's stock.

Wall Street Analyst Weigh In

PAM has been the subject of several analyst reports. StockNews.com lowered shares of Pampa Energía from a "buy" rating to a "hold" rating in a report on Monday. Citigroup upgraded Pampa Energía from a "neutral" rating to a "buy" rating and upped their price target for the stock from $51.00 to $58.00 in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. upped their price target on Pampa Energía from $55.00 to $59.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Bank of America upped their price target on Pampa Energía from $62.00 to $72.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $58.75.

Pampa Energía Price Performance

Shares of NYSE PAM traded up $0.19 during midday trading on Thursday, reaching $66.93. 150,372 shares of the stock traded hands, compared to its average volume of 258,890. The stock has a market capitalization of $3.65 billion, a PE ratio of 10.14 and a beta of 0.89. The company's 50 day moving average is $60.45 and its 200 day moving average is $51.23. Pampa Energía S.A. has a one year low of $32.91 and a one year high of $69.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.33 and a quick ratio of 2.01.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.44. The company had revenue of $500.00 million during the quarter, compared to the consensus estimate of $479.17 million. Pampa Energía had a return on equity of 12.59% and a net margin of 20.96%. On average, equities research analysts anticipate that Pampa Energía S.A. will post 8.91 earnings per share for the current year.

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.