Whittier Trust Co. of Nevada Inc. Increases Position in Pampa Energía S.A. (NYSE:PAM)

Whittier Trust Co. of Nevada Inc. grew its position in Pampa Energía S.A. (NYSE:PAM - Free Report) by 136.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,915 shares of the utilities provider's stock after buying an additional 3,414 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Pampa Energía were worth $520,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TT International Asset Management LTD increased its holdings in Pampa Energía by 250.9% in 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 buying an additional 862,723 shares in the last quarter. Candriam S.C.A. bought a new stake in shares of Pampa Energía in the fourth quarter worth approximately $8,038,000. Alberta Investment Management Corp bought a new stake in shares of Pampa Energía in the fourth quarter worth approximately $7,047,000. Point72 Asset Management L.P. purchased a new position in shares of Pampa Energía during the third quarter valued at approximately $2,738,000. Finally, JPMorgan Chase & Co. lifted its position in Pampa Energía by 40.2% during the third 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 during the period. Institutional investors own 12.77% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price target on Pampa Energía from $59.00 to $93.50 and gave the stock a "neutral" rating in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Pampa Energía presently has a consensus rating of "Hold" and a consensus target price of $71.63.

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Pampa Energía Stock Performance

PAM traded down $1.11 during trading on Thursday, hitting $80.77. The company's stock had a trading volume of 203,230 shares, compared to its average volume of 272,732. The business's 50 day simple moving average is $81.46 and its 200-day simple moving average is $77.46. The firm has a market cap of $4.41 billion, a PE ratio of 12.43 and a beta of 0.92. Pampa Energía S.A. has a one year low of $38.58 and a one year high of $97.55. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM - Get Free Report) last announced its earnings results 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 company had revenue of $435.00 million for the quarter, compared to analysts' expectations of $454.61 million. As a group, sell-side analysts predict that Pampa Energía S.A. will post 9.33 EPS for the current fiscal 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.