Verde Servicos Internacionais S.A. purchased a new position in Pampa Energía S.A. (NYSE:PAM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,500 shares of the utilities provider's stock, valued at approximately $308,000.
Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in Pampa Energía by 158.1% during the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 253 shares during the period. GAMMA Investing LLC grew its holdings in Pampa Energía by 32.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider's stock valued at $84,000 after buying an additional 345 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Pampa Energía by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider's stock valued at $150,000 after buying an additional 526 shares during the last quarter. PFG Investments LLC purchased a new position in shares of Pampa Energía in the fourth quarter worth $226,000. Finally, DGS Capital Management LLC bought a new position in shares of Pampa Energía during the fourth quarter worth $282,000. Institutional investors own 12.77% of the company's stock.
Pampa Energía Price Performance
Shares of NYSE PAM traded down $0.26 during mid-day trading on Friday, hitting $89.49. 154,198 shares of the company's stock traded hands, compared to its average volume of 312,782. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. Pampa Energía S.A. has a 1 year low of $38.15 and a 1 year high of $97.55. The company's 50-day moving average is $88.15 and its two-hundred day moving average is $68.94. The company has a market capitalization of $4.88 billion, a P/E ratio of 13.77 and a beta of 0.94.
Pampa Energía (NYSE:PAM - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.95. The business 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 period in the prior year, the business posted $2.80 earnings per share. On average, equities analysts anticipate that Pampa Energía S.A. will post 8.96 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. Citigroup downgraded shares of Pampa Energía from a "buy" rating to a "neutral" rating and lifted their price target for the company from $58.00 to $75.00 in a report on Friday, November 1st. StockNews.com upgraded Pampa Energía from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. raised their price target on 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, Pampa Energía currently has a consensus rating of "Hold" and a consensus target price of $71.63.
Read Our Latest Analysis on PAM
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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