Verition Fund Management LLC Makes New $597,000 Investment in Pampa Energía S.A. (NYSE:PAM)

Verition Fund Management LLC purchased a new position in Pampa Energía S.A. (NYSE:PAM - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,945 shares of the utilities provider's stock, valued at approximately $597,000.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in Pampa Energía by 158.1% in the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider's stock worth $25,000 after acquiring an additional 253 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Pampa Energía in the second quarter worth approximately $37,000. GAMMA Investing LLC increased 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 worth $84,000 after purchasing an additional 345 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Pampa Energía by 144.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,975 shares of the utilities provider's stock valued at $87,000 after purchasing an additional 1,166 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Pampa Energía by 89.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider's stock worth $102,000 after buying an additional 1,059 shares during the period. Hedge funds and other institutional investors own 12.77% of the company's stock.

Pampa Energía Stock Up 4.4 %

Shares of NYSE:PAM traded up $3.83 during trading on Wednesday, reaching $90.56. The stock had a trading volume of 417,959 shares, compared to its average volume of 267,796. The firm's 50-day simple moving average is $73.65 and its 200 day simple moving average is $58.18. 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 one year low of $38.15 and a one year high of $91.12. The company has a market capitalization of $4.94 billion, a P/E ratio of 13.93 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 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.95. The company had revenue of $540.00 million during the quarter, compared to analysts' expectations of $517.71 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. During the same quarter in the prior year, the company posted $2.80 earnings per share. As a group, research analysts expect that Pampa Energía S.A. will post 8.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PAM has been the topic of several research reports. Bank of America raised their price target on Pampa Energía from $62.00 to $72.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. StockNews.com upgraded shares of Pampa Energía from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Citigroup downgraded shares of Pampa Energía from a "buy" rating to a "neutral" rating and increased their price objective for the company from $58.00 to $75.00 in a research note on Friday, November 1st. 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.