10,002 Shares in Pampa Energia S.A. $PAM Bought by Titan Global Capital Management USA LLC

Key Points

• Titan Global Capital Management USA LLC has acquired a new position in Pampa Energia S.A., purchasing 10,002 shares valued at around $772,000 during the first quarter.
• Wall Street analysts have recently upgraded the stock's ratings, with one firm raising it from "hold" to "buy," and Citigroup increasing the target price from $88.00 to $92.00.
• Pampa Energia reported a miss in quarterly earnings, with an EPS of $0.70 compared to the consensus estimate of $2.35, amidst a revenue of $486 million versus an expected $632 million.

Titan Global Capital Management USA LLC purchased a new stake in shares of Pampa Energia S.A. (NYSE:PAM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,002 shares of the utilities provider's stock, valued at approximately $772,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Banco BTG Pactual S.A. grew its position in Pampa Energia by 223.5% during the first quarter. Banco BTG Pactual S.A. now owns 16,500 shares of the utilities provider's stock valued at $1,274,000 after purchasing an additional 11,400 shares in the last quarter. Hsbc Holdings PLC grew its position in Pampa Energia by 16.7% during the first quarter. Hsbc Holdings PLC now owns 35,549 shares of the utilities provider's stock valued at $2,754,000 after purchasing an additional 5,088 shares in the last quarter. Quantbot Technologies LP purchased a new position in Pampa Energia during the first quarter valued at approximately $336,000. LWM Advisory Services LLC grew its position in Pampa Energia by 11.7% during the first quarter. LWM Advisory Services LLC now owns 5,291 shares of the utilities provider's stock valued at $408,000 after purchasing an additional 555 shares in the last quarter. Finally, Virtu Financial LLC grew its position in Pampa Energia by 231.8% during the first quarter. Virtu Financial LLC now owns 7,881 shares of the utilities provider's stock valued at $608,000 after purchasing an additional 5,506 shares in the last quarter. 12.77% of the stock is owned by hedge funds and other institutional investors.

Pampa Energia Stock Up 2.2%

PAM stock traded up $1.45 during trading hours on Tuesday, hitting $67.79. The company's stock had a trading volume of 297,539 shares, compared to its average volume of 234,035. The company has a quick ratio of 2.33, a current ratio of 2.70 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average price of $72.72 and a two-hundred day moving average price of $75.41. The company has a market capitalization of $3.70 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 4.55 and a beta of 1.15. Pampa Energia S.A. has a 12 month low of $50.47 and a 12 month high of $97.55.

Pampa Energia (NYSE:PAM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.35 by ($1.65). The firm had revenue of $486.00 million for the quarter, compared to the consensus estimate of $632.05 million. Pampa Energia had a return on equity of 13.01% and a net margin of 23.73%. On average, equities research analysts expect that Pampa Energia S.A. will post 9.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PAM. Zacks Research raised shares of Pampa Energia from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Citigroup boosted their price objective on shares of Pampa Energia from $88.00 to $92.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Finally, Wall Street Zen raised shares of Pampa Energia from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $85.83.

About Pampa Energia

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.