Wellington Management Group LLP Acquires Shares of 17,198 Pampa Energía S.A. (NYSE:PAM)

Wellington Management Group LLP acquired a new stake in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 17,198 shares of the utilities provider's stock, valued at approximately $1,512,000.

Other large investors also recently modified their holdings of the company. TT International Asset Management LTD grew its position in Pampa Energía by 250.9% during the fourth quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider's stock valued at $106,108,000 after acquiring an additional 862,723 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Pampa Energía by 40.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider's stock valued at $9,513,000 after purchasing an additional 45,409 shares in the last quarter. ABS Direct Equity Fund LLC grew its holdings in shares of Pampa Energía by 186.7% during the 4th quarter. ABS Direct Equity Fund LLC now owns 17,200 shares of the utilities provider's stock valued at $1,513,000 after purchasing an additional 11,200 shares during the last quarter. Verde Servicos Internacionais S.A. purchased a new position in Pampa Energía in the 4th quarter worth $308,000. Finally, DGS Capital Management LLC purchased a new position in Pampa Energía in the 4th quarter worth $282,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

Pampa Energía Trading Down 2.3 %

Shares of PAM stock traded down $1.80 during mid-day trading on Tuesday, reaching $75.11. The stock had a trading volume of 250,529 shares, compared to its average volume of 267,313. 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 stock's 50-day moving average price is $76.92 and its two-hundred day moving average price is $78.76. The firm has a market capitalization of $4.10 billion, a PE ratio of 11.56 and a beta of 0.94. Pampa Energía S.A. has a 52-week low of $38.58 and a 52-week high of $97.55.

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Pampa Energía (NYSE:PAM - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share (EPS) for the quarter. The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $454.61 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. Equities analysts expect that Pampa Energía S.A. will post 9.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised 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, January 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pampa Energía presently has a consensus rating of "Hold" and a consensus target price of $71.63.

Pampa Energía Company Profile

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.