ABS Direct Equity Fund LLC Has $2.30 Million Stake in Pampa Energia S.A. (NYSE:PAM)

ABS Direct Equity Fund LLC increased its holdings in Pampa Energia S.A. (NYSE:PAM - Free Report) by 73.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,750 shares of the utilities provider's stock after purchasing an additional 12,550 shares during the period. Pampa Energia makes up 3.1% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 13th biggest holding. ABS Direct Equity Fund LLC owned 0.05% of Pampa Energia worth $2,297,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PAM. LPL Financial LLC grew its stake in Pampa Energia by 8.2% in the 4th quarter. LPL Financial LLC now owns 3,879 shares of the utilities provider's stock valued at $341,000 after buying an additional 293 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Pampa Energia by 0.6% during the fourth quarter. Two Sigma Investments LP now owns 80,034 shares of the utilities provider's stock valued at $7,038,000 after acquiring an additional 473 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Pampa Energia in the fourth quarter valued at about $49,000. Compass Group LLC bought a new position in shares of Pampa Energia in the fourth quarter worth about $152,000. Finally, Virtu Financial LLC acquired a new position in shares of Pampa Energia during the 4th quarter worth about $209,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on PAM. Citigroup increased their target price on shares of Pampa Energia from $88.00 to $92.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Wall Street Zen upgraded Pampa Energia from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st.

Pampa Energia Price Performance

PAM traded down $0.17 during midday trading on Wednesday, reaching $73.11. 112,293 shares of the company's stock were exchanged, compared to its average volume of 243,495. The company has a quick ratio of 1.58, a current ratio of 1.82 and a debt-to-equity ratio of 0.38. The business has a 50-day simple moving average of $76.25 and a two-hundred day simple moving average of $80.79. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 7.94 and a beta of 1.18. Pampa Energia S.A. has a one year low of $38.58 and a one year high of $97.55.

Pampa Energia (NYSE:PAM - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.92 by $0.89. The firm had revenue of $414.00 million for the quarter, compared to analysts' expectations of $487.63 million. Pampa Energia had a return on equity of 15.29% and a net margin of 26.73%. As a group, research analysts predict that Pampa Energia S.A. will post 9.33 EPS for the current year.

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.