Tidal Investments LLC Invests $997,000 in Pampa Energía S.A. (NYSE:PAM)

Tidal Investments LLC acquired a new position in Pampa Energía S.A. (NYSE:PAM - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,613 shares of the utilities provider's stock, valued at approximately $997,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Helikon Investments Ltd raised its holdings in shares of Pampa Energía by 146.6% in the 3rd quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider's stock valued at $79,218,000 after acquiring an additional 784,407 shares in the last quarter. Millennium Management LLC increased its stake in Pampa Energía by 428.0% in the second quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider's stock valued at $27,818,000 after acquiring an additional 509,487 shares during the last quarter. TT International Asset Management LTD lifted its stake in Pampa Energía by 797.4% during the third quarter. TT International Asset Management LTD now owns 343,880 shares of the utilities provider's stock worth $20,646,000 after purchasing an additional 305,559 shares during the last quarter. Fourth Sail Capital LP bought a new position in shares of Pampa Energía during the 3rd quarter valued at about $8,552,000. Finally, Glenorchy Capital Ltd grew its position in Pampa Energía by 35.5% during the third quarter. Glenorchy Capital Ltd now owns 75,223 shares of the utilities provider's stock valued at $4,516,000 after acquiring an additional 19,717 shares during the last quarter. Institutional investors own 12.77% of the company's stock.

Pampa Energía Trading Up 1.1 %

NYSE PAM traded up $0.95 during trading on Friday, hitting $85.92. The company had a trading volume of 221,367 shares, compared to its average volume of 268,568. The company's fifty day moving average is $76.78 and its 200-day moving average is $59.79. Pampa Energía S.A. has a one year low of $38.15 and a one year high of $93.11. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 13.22 and a beta of 0.96.

Pampa Energía (NYSE:PAM - Get Free Report) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share 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 in the prior year, the business earned $2.80 EPS. On average, sell-side analysts predict that Pampa Energía S.A. will post 8.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PAM shares. Bank of America lifted their target price on shares of Pampa Energía from $62.00 to $72.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th. Citigroup lowered Pampa Energía from a "buy" rating to a "neutral" rating and raised their price target for the stock from $58.00 to $75.00 in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their target price 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. Finally, StockNews.com upgraded shares of Pampa Energía from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.