TT International Asset Management LTD lifted its position in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 250.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,206,603 shares of the utilities provider's stock after acquiring an additional 862,723 shares during the quarter. Pampa Energía accounts for approximately 15.5% of TT International Asset Management LTD's investment portfolio, making the stock its 2nd biggest holding. TT International Asset Management LTD owned approximately 2.21% of Pampa Energía worth $106,108,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of PAM. Fourth Sail Capital LP acquired a new position in Pampa Energía during the third quarter worth $8,552,000. Dorsey Wright & Associates increased its stake in shares of Pampa Energía by 12.1% during the third quarter. Dorsey Wright & Associates now owns 70,086 shares of the utilities provider's stock worth $4,208,000 after purchasing an additional 7,553 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Pampa Energía during the 2nd quarter worth about $950,000. Truist Financial Corp purchased a new position in Pampa Energía in the 2nd quarter valued at about $854,000. Finally, Claro Advisors LLC boosted its holdings in Pampa Energía by 253.9% in the 3rd quarter. Claro Advisors LLC now owns 18,172 shares of the utilities provider's stock worth $1,091,000 after buying an additional 13,037 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.
Pampa Energía Price Performance
PAM traded down $5.67 during trading on Monday, reaching $89.21. The company's stock had a trading volume of 211,494 shares, compared to its average volume of 302,728. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $84.33 and a two-hundred day simple moving average of $65.10. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 13.72 and a beta of 0.94. 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 announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.95. The firm had revenue of $540.00 million for the quarter, compared to the consensus estimate of $517.71 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. During the same quarter last year, the business posted $2.80 earnings per share. As a group, analysts anticipate that Pampa Energía S.A. will post 8.65 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. StockNews.com raised Pampa Energía from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. increased their price objective on Pampa Energía from $59.00 to $93.50 and gave the company a "neutral" rating in a research note on Friday. Finally, Citigroup lowered Pampa Energía from a "buy" rating to a "neutral" rating and raised their price objective for the company from $58.00 to $75.00 in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Pampa Energía has a consensus rating of "Hold" and an average target price of $71.63.
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About Pampa Energía
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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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