TT International Asset Management LTD increased its holdings in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 797.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 343,880 shares of the utilities provider's stock after acquiring an additional 305,559 shares during the quarter. Pampa Energía comprises about 2.5% of TT International Asset Management LTD's investment portfolio, making the stock its 14th largest holding. TT International Asset Management LTD owned approximately 0.63% of Pampa Energía worth $20,646,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. ABS Direct Equity Fund LLC bought a new stake in shares of Pampa Energía in the 3rd quarter worth $360,000. Dorsey Wright & Associates raised its stake in Pampa Energía by 12.1% in the third quarter. Dorsey Wright & Associates now owns 70,086 shares of the utilities provider's stock valued at $4,208,000 after purchasing an additional 7,553 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Pampa Energía during the third quarter worth approximately $338,000. Point72 Asset Management L.P. purchased a new stake in Pampa Energía during the 3rd quarter valued at $2,738,000. Finally, Centiva Capital LP purchased a new stake in shares of Pampa Energía during the third quarter worth about $309,000. 12.77% of the stock is owned by institutional investors.
Pampa Energía Stock Performance
NYSE PAM traded up $2.19 during mid-day trading on Wednesday, reaching $88.92. 189,764 shares of the stock were exchanged, compared to its average volume of 266,822. The business's 50 day moving average is $73.03 and its 200-day moving average is $57.95. Pampa Energía S.A. has a 1 year low of $38.15 and a 1 year high of $90.40. The company has a market capitalization of $4.85 billion, a P/E ratio of 13.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41.
Pampa Energía (NYSE:PAM - Get Free Report) last announced its quarterly 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 business had revenue of $540.00 million during the quarter, compared to analysts' expectations of $517.71 million. During the same period last year, the business earned $2.80 earnings per share. On average, equities research analysts forecast that Pampa Energía S.A. will post 8.65 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Bank of America raised their price target on shares of Pampa Energía from $62.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. Citigroup cut shares of Pampa Energía from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $58.00 to $75.00 in a research report on Friday, November 1st. StockNews.com raised shares of Pampa Energía from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Finally, 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 research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Pampa Energía presently has a consensus rating of "Hold" and a consensus target price of $63.00.
Read Our Latest Stock Analysis on Pampa Energía
About Pampa Energía
(
Free Report)
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.
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