Aquatic Capital Management LLC Invests $1.12 Million in Pampa Energía S.A. (NYSE:PAM)

Aquatic Capital Management LLC purchased a new position in Pampa Energía S.A. (NYSE:PAM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,785 shares of the utilities provider's stock, valued at approximately $1,124,000.

Several other hedge funds also recently made changes to their positions in the stock. Tidal Investments LLC bought a new position in Pampa Energía in the 3rd quarter worth about $997,000. JPMorgan Chase & Co. boosted its position in shares of Pampa Energía by 40.2% in the third quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider's stock valued at $9,513,000 after acquiring an additional 45,409 shares during the period. GAMMA Investing LLC grew its stake in Pampa Energía by 75.9% during the fourth quarter. GAMMA Investing LLC now owns 2,464 shares of the utilities provider's stock valued at $217,000 after acquiring an additional 1,063 shares in the last quarter. TT International Asset Management LTD increased its holdings in Pampa Energía by 250.9% during 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 acquiring an additional 862,723 shares during the period. Finally, Diversify Wealth Management LLC increased its holdings in Pampa Energía by 19.7% during the 4th quarter. Diversify Wealth Management LLC now owns 18,081 shares of the utilities provider's stock worth $1,716,000 after acquiring an additional 2,971 shares during the period. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Pampa Energía Price Performance

Shares of PAM stock traded up $0.84 during trading on Friday, hitting $71.09. The company had a trading volume of 109,266 shares, compared to its average volume of 261,594. The stock's 50-day moving average is $75.65 and its two-hundred day moving average is $79.87. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 10.94 and a beta of 0.94. 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 S.A. has a 52 week low of $38.58 and a 52 week high of $97.55.

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

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their price target on shares of Pampa Energía from $59.00 to $93.50 and gave the company a "neutral" rating in a research report 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. According to data from MarketBeat, Pampa Energía currently has a consensus rating of "Hold" and an average price target of $71.63.

Pampa Energía 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.