Balyasny Asset Management L.P. Buys Shares of 97,299 Pampa Energía S.A. (NYSE:PAM)

Balyasny Asset Management L.P. acquired a new position in Pampa Energía S.A. (NYSE:PAM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 97,299 shares of the utilities provider's stock, valued at approximately $8,556,000. Balyasny Asset Management L.P. owned approximately 0.18% of Pampa Energía at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 45,409 shares in the last quarter. TT International Asset Management LTD increased its stake in shares of 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 purchasing an additional 862,723 shares during the last quarter. Diversify Wealth Management LLC boosted its holdings in shares of 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 buying an additional 2,971 shares during the period. DGS Capital Management LLC acquired a new position in Pampa Energía in the 4th quarter valued at about $282,000. Finally, PFG Investments LLC acquired a new position in shares of Pampa Energía during the 4th quarter worth approximately $226,000. 12.77% of the stock is currently owned by institutional investors.

Pampa Energía Stock Down 1.2%

Pampa Energía stock traded down $0.98 during midday trading on Thursday, hitting $83.12. 107,066 shares of the stock were exchanged, compared to its average volume of 255,383. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 12.81 and a beta of 1.16. 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. The business's 50-day moving average price is $75.54 and its 200-day moving average price is $80.24.

Pampa Energía (NYSE:PAM - Get Free Report) last posted its earnings results on Monday, May 12th. The utilities provider reported $2.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.89. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The business had revenue of $414.00 million for the quarter, compared to analyst estimates of $487.63 million. On average, research analysts expect that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Pampa Energía from a "buy" rating to a "hold" rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.