Dorsey Wright & Associates Sells 15,897 Shares of Pampa Energía S.A. (NYSE:PAM)

Dorsey Wright & Associates reduced its position in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 22.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,189 shares of the utilities provider's stock after selling 15,897 shares during the period. Pampa Energía comprises 1.1% of Dorsey Wright & Associates' investment portfolio, making the stock its 29th largest holding. Dorsey Wright & Associates owned approximately 0.10% of Pampa Energía worth $4,765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. TT International Asset Management LTD grew its holdings in Pampa Energía by 250.9% during the 4th quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider's stock worth $106,108,000 after acquiring an additional 862,723 shares during the last quarter. JPMorgan Chase & Co. raised its position in Pampa Energía by 167.1% during the 4th quarter. JPMorgan Chase & Co. now owns 423,154 shares of the utilities provider's stock worth $37,212,000 after purchasing an additional 264,706 shares during the last quarter. Candriam S.C.A. bought a new stake in shares of Pampa Energía in the 4th quarter valued at about $8,038,000. Alberta Investment Management Corp acquired a new stake in Pampa Energía during the 4th quarter valued at approximately $7,047,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Pampa Energía in the 3rd quarter valued at $2,738,000. Institutional investors and hedge funds own 12.77% of the company's stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their target price on shares of Pampa Energía from $59.00 to $93.50 and gave the company a "neutral" rating in a report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $71.63.

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Pampa Energía Stock Down 3.7 %

PAM stock traded down $2.88 during trading on Thursday, reaching $75.34. 77,083 shares of the stock were exchanged, compared to its average volume of 272,497. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. Pampa Energía S.A. has a twelve month low of $38.58 and a twelve month high of $97.55. The firm's 50 day moving average is $80.58 and its 200 day moving average is $78.18. The firm has a market cap of $4.11 billion, a P/E ratio of 11.59 and a beta of 0.92.

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